No Resistance From $30K-$40K?

[Shasha80]

My advice don't believe everything someone on YouTube says, most of youtubers now just spread lies to get viewers. I think that if the price of
Bitcoin goes up to any price there will always be resistance, so when the price of Bitcoin manages to reach the price of $ 30,000, the next one
will rise even higher. And definitely resistance and support is something that will always be there.

[fauzan123]

I really don't believe the person who made the video on YouTube. me and others and many people say, that bitcoin can reach $ 100k. especially nowadays many people want to buy it and store it for a long time. my advice, just ignore the video maker, I believe the goal is to make videos for content.

I think that could happen because I am sure that the bitcoin price will not just stop at the current price. But unfortunately, we will not know when that $100k will happen in the market because there are no right predictions. We can hope that it will happen in this year or next year, and we have much time to wait for that price. We should stay focus to make more bitcoin from now before the price jump to the high price, which can make us miss the chance to have more bitcoin.

I think it is too far to target the $ 100k mark this year, because bitcoin must be able to hit at least $ 40k first before it can be penetrated to go to the next price maybe between $ 50k- $ 60k, of course to get that also needs a positive boost.

Even though at the moment the bitcoin trend is still positive, I think there will be times when the price will experience a correction first in the end and then it will return to looking for new resistance, I myself only targeted $ 30k this January and it is not impossible to experience a correction.

[el kaka22]

My advice don't believe everything someone on YouTube says, most of youtubers now just spread lies to get viewers. I think that if the price of
Bitcoin goes up to any price there will always be resistance, so when the price of Bitcoin manages to reach the price of $ 30,000, the next one
will rise even higher. And definitely resistance and support is something that will always be there.

This is exactly right, there is nothing wrong with not having resistance at higher levels because it doesn't mean that we are going to reach there and go higher very easily, it just means there is no need for it. We do not have any resistance at all above $100k as well, does that mean we are going above $100k very easily? Reach $100k and in a second be $200k as well? Of course not, because we just don't have any resistance there since we do not need it.

$30K of course got closer and closer, it is not like my example, but we still do not need a huge one because the price is going up like crazy so resistances are not building the way they used to, normally it took some time when bitcoin was steady but it hasn't been steady for a while so this is the reason why we do not have it right now, given enough time we are going to have one for sure.

[passwordnow]

It's pure speculation just like what we're speculating. It could or not happen. That's all you need to remember when you hear someone say his insights about the market. I have no idea who that youtuber is but you can give us a hint of who that man is. What everyone is aiming now is to see it half of $100k and then it will go $100k. That seems to be high but that's another speculation just like what that man is saying in his video. Just think how much you're selling and buy at low and sell in high profits.

I agree since Bitcoin didn't reach those price yet so for now it's all pure speculation and I don't think Bitcoin would reach $100k next year because that's way too far from reality yet. Bitcoin is barely breaking from its new ATH now so I don't think this world happen in 2021 not unless of course, if there's a big investors join in the market that would literally pump Bitcoin to $50k or more.

$100k looks high and unreal for some. But no one have thought that the end of 2020 will be like that. We've got a lot of big investors already since last year and that's why the market has been big too.
They are the institutional investors that keeps on buying bitcoin, they've done it for the whole year and they could still continue doing that at this year. They don't care about the price of bitcoin because they've learned about it being a scarce asset having a supply limit of 21 million. And we already have mined more than 18 millions so that's less 2.5 million bitcoins left to be mined.

[crzy]

My advice don't believe everything someone on YouTube says, most of youtubers now just spread lies to get viewers. I think that if the price of
Bitcoin goes up to any price there will always be resistance, so when the price of Bitcoin manages to reach the price of $ 30,000, the next one
will rise even higher. And definitely resistance and support is something that will always be there.

This is why you should also know how the market works so youtubers can’t fool you, and yes there’s always a resistance and that is something that we should be aware of. We can’t reach highest peak without experiencing the correction, we might not see some resistance today but I’m sure it will come in time.

[Akiko]

No resistance yet that's the right answer . People is not setting any orders above on that price since it's too early to set it there . that's why other traders see that Bitcoin doesn't have it there .you will only see it once we reach that high price and there is possibility that many will take profit once we reach 30k level or above that. Same scenario when we see price of BTC after breaking 20k level many traders though that it doesn't have it but it has.

[seleme]

There is no technical resistance but the psychological resistance will be hidden inside the order book. You can make your own analysis by checking the buy/sell walls and compare the situation with the previous resistance orders. Bears are not stupid to give up on the market, they will be there at the right time which is unknown now. The resistance points will be psychological and usually, these psychological points end with 0. $50k and $40k will be the key for the continuation of the uptrend, otherwise I will cancel the new investment plans until the next market recovery.

[create_crypto]

Resistance is being alive just if price already was on that levels, for example 20.000$, or levels like 9.500$ and 12.000$.

[Kemarit]

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.

Probably the better term is that there are no ceiling for Bitcoin.

But remember we can't go on parabolic rise, history already tell us, at some point we will have a correction. But it's going to be negligible as institutions and companies are still going to buy bitcoin no matter what the price because they are using it as hedge and not a speculative assets. So we should still expect some pull backs but then use it as a perfect opportunity to buy even just a few sats and then continue to HODL.

[kram31]

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.

There are so many people saying about what could it be like in terms price of the Bitcoin, most of these people only giving
their own speculation in accordance with their experienced and thoughts about the prediction value of Bitcoin.
However, when it comes to resistance, always remember that Bitcoin always volatile, so the psychology barrier is just an
insane thought in my own opinion.

[maydna]

~snip~

I don't know if the guy you quoted really understands what OP said about the YouTube video he watch. It says that there is no known resistance at 30K level and above so the price towards 40K and Above was easy to hit as per his statement.

But in my opinion. Resistance can form in any price level as of now since the current price and above is new territory for BTC so its impossible to see new strong resistance unless it was tested multiple times.

I guess so. But that will not be a problem for us. I agree with what you say that the resistance can form at any price level, and yes, bitcoin needs to test it multiple times. But we will see a new sign from the price, especially if we can analyze deeper using more indicators to find out what will happen next. Even that can't be the right prediction, at least, we can get something from the indicator.

~snip~

I think it is too far to target the $ 100k mark this year, because bitcoin must be able to hit at least $ 40k first before it can be penetrated to go to the next price maybe between $ 50k- $ 60k, of course to get that also needs a positive boost.

Even though at the moment the bitcoin trend is still positive, I think there will be times when the price will experience a correction first in the end and then it will return to looking for new resistance, I myself only targeted $ 30k this January and it is not impossible to experience a correction.

But it could happen to reach $100k this year, especially if the mass adoption can grow fast. Perhaps, bitcoin needs to start a small rally to break $30k to attract more investors to invest their money in bitcoin. If that can happen, perhaps, that can boost the price to have a strong buying trend in the investor.

The correction will come eventually, and I think every time the price is down, that means the correction coming. And although the price is not going down too deep, that can be how bitcoin prices increase higher after the correction.

[thecodebear]

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.

Nonsense. There is no known resistance between $30K and $40K because the market has never tested those levels. It's no man's land.

That doesn't mean supply won't flood in at any given price, whether that is $31K or $36.5K, causing a significant top and mid-term correction. It just makes it fundamentally difficult to predict when and where that will happen.

According to the round numbers theory, $40K would be the next predictable resistance after $30K. I'll give him that. But where the next unpredictable resistance lies......that is less straightforward and I suspect it lies somewhere between $30K and $40K.

Yeah exactly. We just have no idea where resistance might occur. Obviously $40k would be the next big psychological number level of resistance, but that there could be plenty of resistance in various places between $30k and $40k, we just don't know until it happens because these prices have never been touched before.

Look at the $20,000s, it was half a month ago when Bitcoin passed $20k for the first time and now it's within $200 of $30k! There was no resistance for a 50% gain above the 3 year old ATH! But nobody knew that going in - a lot of people predicted resistance would be hit in the $22k-$25k area after the initial euphoria of breaking $20k wore off a couple thousand dollars above that, which turned out to be totally wrong. Bitcoin is in price discovery mode right now, and until we actually get a correction we have no idea where the next strong resistance will lie.

[thecodebear]

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.

Probably the better term is that there are no ceiling for Bitcoin.

But remember we can't go on parabolic rise, history already tell us, at some point we will have a correction. But it's going to be negligible as institutions and companies are still going to buy bitcoin no matter what the price because they are using it as hedge and not a speculative assets. So we should still expect some pull backs but then use it as a perfect opportunity to buy even just a few sats and then continue to HODL.

Totally agree.

Corrections will happen at some point, but institutions are gonna keep buying so pullbacks will probably be more shallow and shorter for the most part than we are used to expecting during a rapid appreciation like this. I mean, to me, looking at the chart it looks like its screaming for a correction back to $19k/$20k (the last main level of resistance that Bitcoin passed through), but knowing hundreds of millions of dollars are being bought up long term by institutions every single week (and all crypto traders know this so it affects the psychology of those that would be selling) makes it seem pretty unlikely to get this kind of correction we would normally expect. If we don't get a solid correction this winter I could at least see it going sideways for a bit at some point with a few bear traps like it did at $19k for a month before pushing through. I could definitely see a month of sideways action happening at some point before it hits $40k.

[Maslate]

$30,000 already achieved, the show still continue and it might reach $40k soon. This is crazy, bitcoin is really making people amaze with what is happening now, this new ATH is bigger, a possible x2 of the last ATH which was close to $20,000... Keep holding everyone, this is the time that we all have been waiting for, it has already come so let's enjoy it.

[kapalmabur]

After the breakout at $ 28200, the price of Bitcoin reached a new all time high at $ 31500k,
if you look at the chart there is no resistance for this week, all will be seen when Bitcoin price closes the weekly candle,
hopefully $ 40k can be reached!

[dimonstration]

After the breakout at $ 28200, the price of Bitcoin reached a new all time high at $ 31500k,
if you look at the chart there is no resistance for this week, all will be seen when Bitcoin price closes the weekly candle,
hopefully $ 40k can be reached!

We should keep monitoring, the price been rising way too fast and high and we don't see any point of stopping yet in increasing in it's price but we should be ready when movement changed, I don't know yet when to sell but will definitely be actively monitoring it since it may reach more ATH anytime soon.

[TheGreatPython]

Corrections will happen at some point, but institutions are gonna keep buying so pullbacks will probably be more shallow and shorter for the most part than we are used to expecting during a rapid appreciation like this. I mean, to me, looking at the chart it looks like its screaming for a correction back to $19k/$20k (the last main level of resistance that Bitcoin passed through), but knowing hundreds of millions of dollars are being bought up long term by institutions every single week (and all crypto traders know this so it affects the psychology of those that would be selling) makes it seem pretty unlikely to get this kind of correction we would normally expect. If we don't get a solid correction this winter I could at least see it going sideways for a bit at some point with a few bear traps like it did at $19k for a month before pushing through. I could definitely see a month of sideways action happening at some point before it hits $40k.

At around 19.6k we have a decent support, that was also one of the biggeest walls to break as well which turned into a support wall I suppose, so I do not think it will go lower than that in a regular downward movement.

However you have to learn to live without any support or resistance lines, we have to see that when bitcoin was going up, it had a million resistance points that had to be hard to break and it broke them all at the same time, and broke the next one a week later, and broke another one in another day, it just kept going breaking more and more. You think there were no resistance between 9k to 29k?

There were countless of them, most specifically 20k barrier which looked impossible to break, we broke all over them. When bitcoin decides to move to one direction, it just makes a move to one direction and there is nothing that could stop it.

[gabbie2010]

After the breakout at $ 28200, the price of Bitcoin reached a new all time high at $ 31500k,
if you look at the chart there is no resistance for this week, all will be seen when Bitcoin price closes the weekly candle,
hopefully $ 40k can be reached!

We should keep monitoring, the price been rising way too fast and high and we don't see any point of stopping yet in increasing in it's price but we should be ready when movement changed, I don't know yet when to sell but will definitely be actively monitoring it since it may reach more ATH anytime soon.

The price is now unstoppable now it is above $31K no any resistance at sight no TA to prove where the correction or pull back will likely commence, all we need to do as you rightly said is to keep monitoring the price and watch on psychological resistance at $32K, $33K e.t.c as the only reversal zones, for now the price is likely heading to $40k thanks to unavailability of any strong resistance.

[stomachgrowls]

After the breakout at $ 28200, the price of Bitcoin reached a new all time high at $ 31500k,
if you look at the chart there is no resistance for this week, all will be seen when Bitcoin price closes the weekly candle,
hopefully $ 40k can be reached!

We should keep monitoring, the price been rising way too fast and high and we don't see any point of stopping yet in increasing in it's price but we should be ready when movement changed, I don't know yet when to sell but will definitely be actively monitoring it since it may reach more ATH anytime soon.

The price is now unstoppable now it is above $31K no any resistance at sight no TA to prove where the correction or pull back will likely commence, all we need to do as you rightly said is to keep monitoring the price and watch on psychological resistance at $32K, $33K e.t.c as the only reversal zones, for now the price is likely heading to $40k thanks to unavailability of any strong resistance.

I thought there was some strong resistance on 30k but it had just been easily break down and past up on the current run. Price at this moment is already 32k at preev.com.

Basing off on technicals there are indeed no strong resistances further on which does indicate that price might be shooting up even more and might reach 40k in no time but of course
we should always mind on the correction.

I thought that 29k is already on the peak and Bitcoin market prove it wrong once again.I had missed on accumulating cheap but well we missed it out and not able
to buy when it was on 28-29.Im waiting for 30k price pullback for short term price action.

[boltz]

Looks like a slow resistance is getting build around 37k$ but I honestly doubt that it can handle more than 2 days as the current run of Bitcoin is absolute amazing as only a few of us really anticipated something like this.

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