Will Bitcoin get back to 60K this week?

[molsewid]

Another question to be thrown now is " Will bitcoin can reach back to 60k this week?"

we have fell down since week ago and there is no sign of breaking the top again, I was hoping of another ATH at least before the first quarter of 2021 ends?

practicality wise to happen because 75,000$ is on the corner.

Well bitcoin hitting $60,000 again for this week is what i have waited also. Currently, the bitcoin market value was $56,500. I am more in a positive side that bitcoin were going to make it at $60k again before this week ends or maybe on the last week of this quarter of the year. Let's find it out since we still have four days left for this week.

Let bitcoin move as it is and the right choice now holds it and be patient, and know that bitcoin fluctuations are testing our patience.
I am optimistic that the return to 60K will repeat itself but not anytime soon and also the drop will not exceed below 50K.
and what is happening now is that the movement of bitcoin in my opinion is still normal and the price of bitcoin is still high, there is no drastic decline, so be patient and hold it is the right choice at this time.

We do let bitcoin moves as it is, we are just here excited to witnessed that bitcoin may break its own ATH record with anothe ATH for this week or before the month of March end.

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[Smitty Werben Man Jensen]

Bitcoin should break from $ 58000, because $ 58000 is a strong resistance level for this mid term,
if Bitcoin is able to breakout and stays above $ 58k, my suggestion is Buy !, because $ 60k and even $ 70k can be reached,
so far Bitcoin is still bullish so keep an eye on Of course, if it's below $ 48k the bears will take over, so be careful.

[jostorres]

Another question to be thrown now is " Will bitcoin can reach back to 60k this week?"

we have fell down since week ago and there is no sign of breaking the top again, I was hoping of another ATH at least before the first quarter of 2021 ends?

practicality wise to happen because 75,000$ is on the corner.

That place is very possible, with how Bitcoin supporters keep holding and not to let the downfall to go that deep.

Currently it's moving up a little it's really nice to see that even there's some corrections it manage to keep this

level and not to allow to fall that hard. More or less we only have one more  month before the first quarter

still strong after this huge jump up.

I think it is quite obvious that people are worried about that 60k price, because psychologically we failed to break that few times and that is why I understand that it may not be as simple as you might imagine. Normally there are some prices that we break very easily without a worry, like for example 50k, we never had problem breaking over 50k, we broke over it and went under it and broke over it few times and that is why we know that is not a problem.

However 20k was hard for example, and 40k was a bit hard too, and looks like 60k is a bit hard as well. I think it is quite obvious that we should be careful about this and we should be doing our research into how and why it is so hard. But if we managed to break all other prices, that means we are capable of breaking this price as well, there is nothing wrong with that and I support it completely, just because we have hard time doesn't mean we won't be able to.

[Dollar_Hunter]

looks like it will be difficult, because there is a strong resistance between $ 57,000 to $ 58,000,
it seems that now the price of bitcoin is breaking down and it's hard to go up even though there is good news from Elon Musk,
but it can't make the Bitcoin price breakout, most likely it will dive even deeper, I'm still waiting at levels below $ 50k

[tabas]

Bitcoin should break from $ 58000, because $ 58000 is a strong resistance level for this mid term,
if Bitcoin is able to breakout and stays above $ 58k, my suggestion is Buy !, because $ 60k and even $ 70k can be reached,
so far Bitcoin is still bullish so keep an eye on Of course, if it's below $ 48k the bears will take over, so be careful.

After it has go back to $57k for a while, bitcoin got a dip again at $54k and it's very likely that it will drop some more on its price. It's still bullish though despite the announcement of Tesla's acceptance for bitcoin payments.
The effect of it was fresh yet quickly released and gone.

[LUCKMCFLY]

looks like it will be difficult, because there is a strong resistance between $ 57,000 to $ 58,000,
it seems that now the price of bitcoin is breaking down and it's hard to go up even though there is good news from Elon Musk,
but it can't make the Bitcoin price breakout, most likely it will dive even deeper, I'm still waiting at levels below $ 50k

The resistance is evident, but when we look at the daily chart, it has a strong trading life in purchases, although it goes at $52k, the volume clearly speaks for itself, in this case when I look at the chart by tensorcharts.com the volume gives me this information:



It is in red, it means that the trend for today starting is being more sales than purchases, when taking a closer look at trading orders around $49k, this information only for the Bitfinex Exchange, but it gives me an idea of the general behavior of the market. Even despite all this, I think it is very likely that if it reaches $60k, taking into account that it is possible to eliminate the offer in this price range, when it is around $ 60k it will break and continue its bullish path.

[STT]

I think it needs more time to digest before we speculate higher, very good rise recently but that was both meeting 50 day average and getting some buys from that prior measure of a bottom but also we head into a weekend which helps cease any further negative externally due to closed markets.    Next week is holiday week with some days off which I think means we dont especially sell for now, I'd say sideways overall rather then grand movements up or down.   The rise is good trade but volume is a bit lacking from what I've seen, i think we repeat recent action before any greater decision to judge strength and longer estimates should be taken.

[Saisher]

60K or 50K?

It could go either way as I'm writing this Bitcoin is at $56k the support is very strong there was an indicator that it will go to the $50k level or lower but there's a big rally before the end of the week, so we are in the $56k level, before the start of the month was expecting to hit over $60k,but nevertheless I have a strong believe it will go to the $60k mark this year.

[tabas]

I have a strong believe it will go to the $60k mark this year.

It's definitely going to be back any time or any month that's coming. It's $56,500 and if we're going to see it hard again stepping into the price that's being desired by many of us, that's also possible to happen. But we're all hoping that it would be easier this time as we've been into corrections again that's very necessary to happen for it to cross and be back to $60,000.

[Baofeng]

I have a strong believe it will go to the $60k mark this year.

It's definitely going to be back any time or any month that's coming. It's $56,500 and if we're going to see it hard again stepping into the price that's being desired by many of us, that's also possible to happen. But we're all hoping that it would be easier this time as we've been into corrections again that's very necessary to happen for it to cross and be back to $60,000.

Yeah, I don't see bitcoin having a pullback again, it seems that everything has settled down, it's moving on positive direction so I'm expecting it to cross $60k maybe mid next week as usually trading are very active that day. For this year? I'm expecting more, 6 digit mark is really the main target we have plenty of leg room to accomplished that, so let's see long term.

[WatchMaker]

60K or 50K?

In the last 3 weeks, the bitcoin price has reached the $60,000 mark twice. It's possible for the bitcoin price to breach the $60,000 mark once more before the end of the month of March. Many crypto market analysts were saying the bitcoin price could reach $75,000 to $80,000 before the end of the month of April 2021. The bitcoin price will get a massive boost from the Covid-19 intervention funds by the American government know as "Covid-19 Stimulus Package" up to $1.9 trillion-dollars.

https://www.nytimes.com/2021/03/07/us/politics/whats-in-the-stimulus-bill.html

[Fatunad]

60K or 50K?

In the last 3 weeks, the bitcoin price has reached the $60,000 mark twice. It's possible for the bitcoin price to breach the $60,000 mark once more before the end of the month of March. Many crypto market analysts were saying the bitcoin price could reach $75,000 to $80,000 before the end of the month of April 2021. The bitcoin price will get a massive boost from the Covid-19 intervention funds by the American government know as "Covid-19 Stimulus Package" up to $1.9 trillion-dollars.

https://www.nytimes.com/2021/03/07/us/politics/whats-in-the-stimulus-bill.html

Not really that a fan on following those analysts calls when it comes to price predictions or possible movement.When there's a breach then we cant determine if it can sustain or
would just basically be rejected off and we would be playing around below 60k price point which is the thing currently happening as of this moment.Playing around 53k-60k price
is something we can consider on consolidation mode.There are not possible big movements on next month to come but we know that there would be sudden
fundamentals or news that pops out from nowhere which would eventually spark out the entire market and can really possibly able to move the market.

[arufox]

60K or 50K?

First Point: you don't know and no one knows
Second point: Why ask something like this? If yes then what you want to buy now and sell it for fast profits?? Bitcoin is long term bro stop ask when when and when, just buy as much as you can
Third point: You won't regret if you holding it

[tabas]

I have a strong believe it will go to the $60k mark this year.

It's definitely going to be back any time or any month that's coming. It's $56,500 and if we're going to see it hard again stepping into the price that's being desired by many of us, that's also possible to happen. But we're all hoping that it would be easier this time as we've been into corrections again that's very necessary to happen for it to cross and be back to $60,000.

Yeah, I don't see bitcoin having a pullback again, it seems that everything has settled down, it's moving on positive direction so I'm expecting it to cross $60k maybe mid next week as usually trading are very active that day. For this year? I'm expecting more, 6 digit mark is really the main target we have plenty of leg room to accomplished that, so let's see long term.

It could be this week, bitcoin just crossed $59k again but having a little pullback to $58,500 - $58,900. That's very encouraging but just for safety assumption.
Yeah, could be next week and early as the end of this week. I hope so.

[AmoreJaz]

I have a strong believe it will go to the $60k mark this year.

It's definitely going to be back any time or any month that's coming. It's $56,500 and if we're going to see it hard again stepping into the price that's being desired by many of us, that's also possible to happen. But we're all hoping that it would be easier this time as we've been into corrections again that's very necessary to happen for it to cross and be back to $60,000.

Yeah, I don't see bitcoin having a pullback again, it seems that everything has settled down, it's moving on positive direction so I'm expecting it to cross $60k maybe mid next week as usually trading are very active that day. For this year? I'm expecting more, 6 digit mark is really the main target we have plenty of leg room to accomplished that, so let's see long term.

It could be this week, bitcoin just crossed $59k again but having a little pullback to $58,500 - $58,900. That's very encouraging but just for safety assumption.
Yeah, could be next week and early as the end of this week. I hope so.

very likely that we will see again the 60k. i guess, we don't need to wait for months on this price level. it is like at the tip of our fingers. and the good thing - a lot of companies are showing positive interest on bitcoin or crypto in general.

has anyone read lately about MJ joining the $305M Dapper Labs investment .  NFT markets are growing. soon, we will see these top sports athletes creating their own NFTs.

[tabas]

It could be this week, bitcoin just crossed $59k again but having a little pullback to $58,500 - $58,900. That's very encouraging but just for safety assumption.
Yeah, could be next week and early as the end of this week. I hope so.

very likely that we will see again the 60k. i guess, we don't need to wait for months on this price level. it is like at the tip of our fingers. and the good thing - a lot of companies are showing positive interest on bitcoin or crypto in general.

has anyone read lately about MJ joining the $305M Dapper Labs investment .  NFT markets are growing. soon, we will see these top sports athletes creating their own NFTs.

We don't have to wait for months, it's just less than $1k away and we're going to be on it again. With the good news that lately came, that will push the price of bitcoin back to that ATH that we've waited.
Haven't heard of that news but that's quite interesting about NFT because it's really becoming popular just as the ICOs before.

[elisabetheva]

Bitcoin should break from $ 58000, because $ 58000 is a strong resistance level for this mid term,
if Bitcoin is able to breakout and stays above $ 58k, my suggestion is Buy !, because $ 60k and even $ 70k can be reached,
so far Bitcoin is still bullish so keep an eye on Of course, if it's below $ 48k the bears will take over, so be careful.

This year is still a year of improvement for crypto, if bitcoin is currently in the $ 50K- $ 57K range is certainly a way for bitcoin to provide an opportunity for altcoins to get an upgrade even to reach ATH, because last year altcoins lagged behind. .
all of these are currently receiving increases that will be welcome as the crypto situation is improving.

[STT]

Just falling below weekly average right but still above 2 day average.   Its easy for it to waver back and forth but if it fails both I'd take it as some negative condition.




Lows at 57.5k I think mark a harder border to measure it by and 60k was the recent high if exceeded would make it a bit more bullish.   I think people want to 60k as a low point not a peak by now and BTC price action is still capped in aspirations

[yohananaomi]

It can be happened or not but my strategy says that the level to watch is $58250$. If the Bitcoin price is getting higher than it, the massive change may be seen within a short time. Then Bitcoin will be super duper bullish as we can hope for new ATH too. Time will decide what will be happened as per market demand.

in fact, if the prediction that bitcoin will continue to increase until the end of this year seems like many have predicted that, and I also believe when looking at the past halving, where at the end of the year there will be a sharp increase.

let it be that currently bitcoin is stable in the range that he is currently doing, all for the purpose of having the ability of altcoins to increase first, because altcoins lagged behind when bitcoin rose sharply last year.

because we hope that many altcoins will get their ATH so that this will excite the bounty which has been lonely because altcoins are not exciting, let alone new altcoins. maybe with the stability of bitcoin there is a chance that altcoins will increase.

[STT]

Its reversing back a bit at the moment.   I wonder if that means we move to larger tests of the trend and so on.   I dont think we are plain sailing just yet, a tweet isnt enough to move price properly imo



I only do bigger charts with actual time on there when its serious, thats how you know :p