What happen to bitcoin price?

[Ruvi2000sew]

It's difficult to discern emotions once you understand that this is a market where you can't simply point out where the price might go.and including all of the variables that could influence price movement activity. We still wind up asking the same questions about where it could be going.

[LUCKMCFLY]

Uncertainty reigns, many are betting that Bitcoin will fall, but seeing how the market is developing these days, BTC may be taking a course of sustained recovery, safely and possibly with a view to a bullish rally to burst emotions and free everyone from the FUD that has been done, in this article analysis they show the following:

As a result, the bids for the BTC/USD pair started dropping while heading into the early London session, eventually finding support at a level that was instrumental in limiting the market's bearish trend during the last week's price crash.

Source: https://cointelegraph.com/news/will-bitcoin-successfully-turn-37-000-into-a-new-support-zone

There is talk of this resistance at $ 37k, personally I will be a little calmer when BTC recovers its value for $ 40k ecinam, it is not difficult, it is something that can happen at any time and the fact that it reaches $ 40k gives more confidence to the investors.

[Mr.Scott]

BTC is looking strong. Just got over 39K again which is above MA 50. Now we need to close above $40,000 and this will be coming shortly. Its a guessing game at the moment, I don't think actually what will happen. In all honesty mate, I think we’re still gonna lower the 30K. Happy to be wrong, but also happier to accumulate lower. But who knows lol.

[Wawa2013]

BTC is looking strong. Just got over 39K again which is above MA 50. Now we need to close above $40,000 and this will be coming shortly. Its a guessing game at the moment, I don't think actually what will happen. In all honesty mate, I think we’re still gonna lower the 30K. Happy to be wrong, but also happier to accumulate lower. But who knows lol.

I am happy that Bitcoin finally made it to the price of $ 40k, this is a sign that Bitcoin has really recovered. Hopefully the Bitcoin price can continue
to rise even higher. I am also optimistic that Bitcoin can quickly return to a price of $ 50k in the near future. Therefore if someone managed to buy
Bitcoin when it fell below $ 35k, they would now have made a profit, but my advice is not to be too quick to sell the Bitcoin we have. Because
the price of Bitcoin can still go up even higher, so for now it is better to hold the Bitcoin that we have. So that the resulting profit can be even greater.

[LUCKMCFLY]

For many of the BTC newbies they can say that the volatility of BTC is a lot, but for the most veteran not, we have many theories by which to support us, like that of PlanB, which states that BTC will reach $100k - $288k, when ? It is not known, but if many are clear that $ 38k will not be the final price:

“In the chart, you see at what price level each of the total 18.7M BTC was last moved. So what happened in May? Weak hands sold ~1M BTC in May at $30k-35k .. which they bought in April at $55k-60k: a staggering ~$20B loss. The good news: these 1M are in strong hands now.”

Source: https://ambcrypto.com/this-bitcoin-aspect-is-unbelievable-for-some-while-its-too-much-for-others/

I think that there is still a long way to go, this is just beginning, the bullish trend of BTC for me, still has a long way to go, if most investors and traders are waiting for it to reach $ 100k, it is likely that after this mark it will come. The really exciting thing, if BTC hits $ 288k this or next year it will be a phenomenal thing.

[777Jolami]

and now touch 40K zone 


and i dont see gonna touch 60K zone soon

$40k is a really tough threshold to break the strong resistance of the bulls.  On two occasions this week, we see that the market has managed to make a comeback, although the RSI still shows greater selling power.  And the crossing of FUD becomes the main focus, the electric power of bitcoin, the usd $... However, this correction will be good, and almost take time to break.  We must be patient.  The bears have turned short, it will.

[coin-investor]

Because the price of Bitcoin can still go up even higher, so for now it is better to hold the Bitcoin that we have. So that the resulting profit can be even greater.

The movement of the market is quite scary for newbies or for those who are investing for the first time, it's slow to move up and fast to move down, right now as I'm posting this price is at $35k level and Bitcoin was down 11% for the last 7 days, this month has been hard for traders it started when news of Elon create a FUD on Bitcoin, but it's not really the case since Elon is not selling his Bitcoin or not yet, hopefully, he will not.

[peter0425]

Because the price of Bitcoin can still go up even higher, so for now it is better to hold the Bitcoin that we have. So that the resulting profit can be even greater.

The movement of the market is quite scary for newbies or for those who are investing for the first time, it's slow to move up and fast to move down, right now as I'm posting this price is at $35k level and Bitcoin was down 11% for the last 7 days, this month has been hard for traders it started when news of Elon create a FUD on Bitcoin, but it's not really the case since Elon is not selling his Bitcoin or not yet, hopefully, he will not.

If you are a new investor then you must learn how to risk and be strong .

I know we are here to invest and learn , but we also need to be aware of the incoming profiting if we can HOLD and keep .

[CapGelatik]

and now touch 40K zone 


and i dont see gonna touch 60K zone soon

patient, everything will be beautiful in time, we are given a low price why be afraid? And why is it sad?
In fact, if the price of bitcoin is cheap then this is a golden opportunity to be able to buy it before it reaches the new all time high,
have you seen the history of the bitcoin price chart? try to compare the 2013 chart and the 2021 and I am sure you will definitely understand.

[dunfida]

Because the price of Bitcoin can still go up even higher, so for now it is better to hold the Bitcoin that we have. So that the resulting profit can be even greater.

The movement of the market is quite scary for newbies or for those who are investing for the first time, it's slow to move up and fast to move down, right now as I'm posting this price is at $35k level and Bitcoin was down 11% for the last 7 days, this month has been hard for traders it started when news of Elon create a FUD on Bitcoin, but it's not really the case since Elon is not selling his Bitcoin or not yet, hopefully, he will not.

If you are a new investor then you must learn how to risk and be strong .

I know we are here to invest and learn , but we also need to be aware of the incoming profiting if we can HOLD and keep .

Emotion is one of the enemy that you would have when it comes to investment specially dealing up with unpredictable market then most likely you would really be actively engaging on making decisions
due to volatility issue and you should really get used to it because if you do make yourself easily panic then this would really result into bad decisions towards your investment or trades.
Bitcoins price is always volatile and you should be aware on that but if you do only go for long term then these movements wont really be an issue at all but if you are a day or active trader
then you do need to deal with these movements.Its risky but rewarding if done it right.

[virasog]

and now touch 40K zone 


and i dont see gonna touch 60K zone soon

What's your issue if the price is between 30-40K range for some time ? Did you bought at high or are you in future trading where you are about to be liquidated ? If you know how to manage risk, then there should be no need to worry. Bitcoin will go up eventually after all these corrections.

[yohananaomi]

-#-

Although its hard to happen by now but there's no impossible since bitcoin always breaks those what we think impossible.

there is always a gap and hope that bitcoin movements can do at any time, yesterday we were surprised by bitcoin experiencing a very deep correction. but who would have thought that at the end of last year bitcoin was able to move freely and at the beginning of the year, which is usually a correction, bitcoin actually experienced renewable ATH several times.

there are always opportunities that bitcoin can do, moreover that the increase in bitcoin will actually occur at the end of the year. so there could be an opportunity for bitcoin to improve and stabilize its price to be able to take a leap higher in time. must always be optimistic with bitcoin

[ultrloa]

and now touch 40K zone 


and i dont see gonna touch 60K zone soon

What's your issue if the price is between 30-40K range for some time ? Did you bought at high or are you in future trading where you are about to be liquidated ? If you know how to manage risk, then there should be no need to worry. Bitcoin will go up eventually after all these corrections.

Most provably he buy bitcoin at high price thats why he is asking this questions here, but people don't need to worry since if they didn't dump this is totally not a lose for them there's still chances that bitcoin will recover. But we don't know on when this one will happen but what good thing is bitcoin is showing some good sign these days.

[Inspiron14]

there is nothing to be afraid of for the mid-term and long-term,
because the price of Bitcoin if you draw the support line to resistance it always rises high, yes even though there is a long bearish cycle,
Bitcoin investment is still very feasible, just how do we buy it, is it cheap? or expensive

[mhine07]

It s only normal that the price of bitcoin goes low just don't panic surely it will be back to gain its value again. Just like what happens when the bitcoin price crashes in 2018 many have panic in this situation and they never know that its only normal for a cryptocurrency to crash in its price, and most of the cryptocurrencies then seems dead but in years goes by they suddenly rise up in value.

[LUCKMCFLY]

It is necessary to highlight that the price of BTC is due a lot to the Supply-Demand and Influences on the part of people who move masses in the market, be it for their particular interests of market speculation, we can intuit that volatility also has a lot to do with it, It is what differentiates the BTC market from all other markets that have a much more stable behavior, for May of this year is when the highest volatility developed according to this article:

Bitcoin prices had a wild May, experiencing sharp gyrations while they lost close to half their value in a matter of weeks.

The digital currency’s annualized 30-day volatility reached 116.62% on May 24, its highest since April 10, 2020, data provided by asset manager Blockforce Capital reveals.

Source: https://www.forbes.com/sites/cbovaird/2021/06/02/bitcoin-price-volatility-reached-its-highest-in-a-year-during-may/?sh=2def9f8639e7

Taking into account these data it is necessary to highlight that volatility makes many weak hands sell in a massive way, it is much more influential when there is FUD involved like Elon Musk's.

[rahmatrf331]

It s only normal that the price of bitcoin goes low just don't panic surely it will be back to gain its value again. Just like what happens when the bitcoin price crashes in 2018 many have panic in this situation and they never know that its only normal for a cryptocurrency to crash in its price, and most of the cryptocurrencies then seems dead but in years goes by they suddenly rise up in value.

Bitcoin is a safe investment, good for trading in a fast or long time. bitcoin often drops to very low numbers, but bitcoin keeps going again in a short time.
still have to concentrate and focus on investing, learn to analyze so that our assets remain safe and stable, because crypto is full of consequences in every decision.