Looks like BTC about to make its next leg up

[Zoe Saldana]

It looks like BTC is preparing for its next leg up.

It has been forming a base around 56,000.  Also the bollenger bands are flat and growing closer.  Look at April for a similar set up.

Another poster mentioned that whales are accumulating below 55,000, a good sign.

[1715457983]

1715457983

[bill gator]

I've been saying it for years, while not taking my own advice: "There's never been a bad time to invest in BTC."

I didn't click on your link, because I'm a paranoid person, but we're well beyond mainstream acceptance at this point. More and more people are becoming interested in BTC, and it's deflationary foundation is in full effect.

[Zoe Saldana]

I've been saying it for years, while not taking my own advice: "There's never been a bad time to invest in BTC."

I didn't click on your link, because I'm a paranoid person, but we're well beyond mainstream acceptance at this point. More and more people are becoming interested in BTC, and it's deflationary foundation is in full effect.

I believe in hodl and agree with your comments.  Unfortunately, I'm very late to the party and have a high cost basis.

As to the link I hope this forum doesn't allow malware.  Does it?

[Expecto]

It shows that it is always sensible to buy BTC and HODL it. Of course, it is better to accumulate from the dip. But even buying from this level is okay to me actually. And I feel like we will see a huge increase in the price again before the end of this year and the price may even hit $100k.

[MrcMrc]

As at the time of this reply, bitcoin is trading at $53k, which is a sharp price drop compared to when the thread was created this shows how volatile the bitcoin market can be its hard to predict.

I know Bitcoin will relay at $50k to $60k within the second quarter of 2021.

[Upgrade00]

I'm really not much bothered about (immediate) future price movements and rarely cheek price actions as I plan to hodl for much longer that the immediate future. If you're a long term holder, sharp spikes and dips are not really that important as you do not intend to take profit or cut losses anytime soon

As to the link I hope this forum doesn't allow malware.  Does it?

Posting malwares are against forum rules and would get a user banned, but they can be posted and stay up for a while before mods notice and delete them, so, it helps to be careful.

[Zoe Saldana]

I'm really not much bothered about (immediate) future price movements and rarely cheek price actions as I plan to hodl for much longer that the immediate future. If you're a long term holder, sharp spikes and dips are not really that important as you do not intend to take profit or cut losses anytime soon

As to the link I hope this forum doesn't allow malware.  Does it?

Posting malwares are against forum rules and would get a user banned, but they can be posted and stay up for a while before mods notice and delete them, so, it helps to be careful.

THanks,
I like this forum for the level headed people. 

[yhiaali3]

Yes, we can see 70K$ in the month of May for bitcoin, especially after the recent leaks that Facebook can buy bitcoin if that happens, so it is expected that we will witness new historical peaks for bitcoin much larger than those that happened after Tesla bought bitcoin.
In any case, we are ready to move towards new bitcoin peaks, but in the meantime we have to be careful because we are also likely to witness very strong corrections.

[Zoe Saldana]

As at the time of this reply, bitcoin is trading at $53k, which is a sharp price drop compared to when the thread was created this shows how volatile the bitcoin market can be its hard to predict.

I know Bitcoin will relay at $50k to $60k within the second quarter of 2021.

I'm not an expert.  Today's decline might be related to the stock market decline.

[Imran232]

I don't think so bitcoin is for you because you don't understand what is bitcoin and you are confusing new comers too. Look from my experience in bitcoin i believe that there is non best or good time to enter in bitcoin. Because if you are able to hold your money for long term then you cam enter any time you want but remember bitcoin will not perform like what you want. Bitcoin will perform on its own way. You just have to enter and wait until you feel happy. Don't confuse others by telling a best time or good time to enter in the market. Try to tell them just enter and make that time best for you.  Thank you.

[bosede1]

Why do you think or do you know that bitcoin is about to make its next leg up because the price you claim now bitcoin surpasses that before we experience the dump in the market. Bitcoin price will still rise but I don't why it is linked to this particular price you mentioned 56,000.

[virtualdn]

BTC is gonna grow big this year and I'm surprised some people don't have the hints in their faces already.

If you study the market and the factors you will see that BTC is on a great trend and this is going to happen.

Even if now it falls to $45-$50K we are only in month of May folks, there are many surprises left for 2021!

But newbies prefer to buy Dogecoin and other shitcoins instead hoping for a quick buck It's all about experience here.

[pixie85]

As at the time of this reply, bitcoin is trading at $53k, which is a sharp price drop compared to when the thread was created this shows how volatile the bitcoin market can be its hard to predict.

I know Bitcoin will relay at $50k to $60k within the second quarter of 2021.

I always laugh at these prediction. "It's going up because bollinger bands are flat" Sure...
It's even funnier when someone posts a prediction and gets put in his place within hours.

Bitcoin is going up but 56000 was no support just like 58000 is not a resistance. The fact that a price stopped at that point recently doesn't mean that it's a significant level.  
If you want to look for supports and resistances look at 1d. 60000 is the resistance we need to break to go up.

[Baofeng]

Why do you think or do you know that bitcoin is about to make its next leg up because the price you claim now bitcoin surpasses that before we experience the dump in the market. Bitcoin price will still rise but I don't why it is linked to this particular price you mentioned 56,000.

It's probably the support price for now that's why it is very important to at least maintain it before an imminent break out run that the OP is saying. Regardless though, we have been forming this trend for several weeks now, not going to $60k and every attempt is rejected.

So let's see if TA can 'predict' our next leg up, we still have a week to do so.

[livingfree]

Another poster mentioned that whales are accumulating below 55,000, a good sign.

And they now have a chance again as bitcoin goes a bit low this time @ $54k.

Another sign that they're going to accumulate again and they're going to get more by this time as it gets a little low.

BTC is gonna grow big this year and I'm surprised some people don't have the hints in their faces already.

It's ok because they're looking at the surges in the altcoins market which can't be ignored. But once bitcoin starts to show how it goes on the top, they'll all be left behind or at least some will also go up with it.

[teosanru]

It looks like BTC is preparing for its next leg up.

It has been forming a base around 56,000.  Also the bollenger bands are flat and growing closer.  Look at April for a similar set up.

Another poster mentioned that whales are accumulating below 55,000, a good sign.

I think there will be a good leg down before we can make a leg up. Currently we have a made a higher low on the daily chart at around 60k and currently market is moving sideways but the fact is that there has been a good volume on selling side in the market and we break the bottom support we will see 47-49k regions. From these regions we will get enough buying pressure to go past 60k because at current price there aren't a lot of buyers going crazy for the market.

[franky1]

It looks like BTC is preparing for its next leg up.

It has been forming a base around 56,000.  Also the bollenger bands are flat and growing closer.  Look at April for a similar set up.

Another poster mentioned that whales are accumulating below 55,000, a good sign.

nice lil pump and dump trick

have a crap tonne of coins

build a wall at $56k
let the minnows put their orders at $56k->$57k(above yours).. sell some of your coin above that. ...
...
then cancel your wall and watch the price dip
then buy more coin using your $57k stash to buy in at $54.. nice easy ~6% profit in one day

[bill gator]

Unfortunately, I'm very late to the party and have a high cost basis.

People have been saying they're late to the party since BTC cost less than $100. I still think there is more room for BTC to grow than most people give it credit for. I think we're going to keep climbing in waves for the rest of my life.

As to the link I hope this forum doesn't allow malware.  Does it?

I don't think the forum has any means for preventing people from posting suspicious links. It's best to not rely on something like the forum to protect you from navigating to questionable places.
I'm sure it's fine, but I've been in the habit not to click anything.

[proudhon]

Looks like an end-times collapsening to me.

[magneto]

Yeah for sure.

From a technical analysis perspective BTC does seem to be ready to break out. It has been hovering around the $50k mark for quite a while and forming a really good support level from which to springboard off.

With the massive institutional interest, it's really going to be a matter of time before $60k hits. There's still some caution in the market right now which is the reason why prices are subdued - perfect time to load up.