Looks like BTC about to make its next leg up

[Zoe Saldana]

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.

You can't only rely upon TA.
https://finance.yahoo.com/news/bitcoin-sinks-after-elon-musk-says-tesla-will-not-accept-the-digital-coin-for-transactions-223139231.html

Bitcoin sinks after Elon Musk says Tesla will not accept the digital coin for transactions

I think it is good he is out of it. 

[davis196]

Bitcoin sinks after Elon Musk says Tesla will not accept the digital coin for transactions

I think it is good he is out of it.  

NO.Elon Musk isn't out of Bitcoin,because he didn't sell all his BTC.Tesla sold only a small amount of BTC.
However,he will continue to create turbulence and panic in the crypto markets with his unpredictable behavior and BS tweets.
It's funny how everyone was positive and optimistic about Bitcoin and after a tweet from Elon Musk,most of the people just freak out and join the FUD.
Can't we just calm down.The crypto markets are getting out of control.

[ubercool]

BTC is moving around 50000$ at this moment and it looks like it's going to jump back to its previous ranges. Also why everyone is jumping around like Elon is gonna sell his Bitcoins..!! He's not gonna, I bet he bought more in the dip and increased his Bitcoin portfolio.

[pixie85]

NO.Elon Musk isn't out of Bitcoin,because he didn't sell all his BTC.Tesla sold only a small amount of BTC.

Do you really believe in this? Tesla is Elon. If they sold it's because he told them so. Him saying that it was Tesla, not him is so childish and stupid like he's laughing at us thinking we're idiots or something.

However,he will continue to create turbulence and panic in the crypto markets with his unpredictable behavior and BS tweets.

Because he has a reason for it and the reason is money. He wants to pump another coin and show Bitcoin as weak compared to it. I wouldn't be surprised if it was Cardano which is pumping like crazy despite the rest of the market going red.

It's funny how everyone was positive and optimistic about Bitcoin and after a tweet from Elon Musk,most of the people just freak out and join the FUD.
Can't we just calm down.The crypto markets are getting out of control.

We still are, don't be fooled by trolls.

[Golftech]

BTC is moving around 50000$ at this moment and it looks like it's going to jump back to its previous ranges. Also why everyone is jumping around like Elon is gonna sell his Bitcoins..!! He's not gonna, I bet he bought more in the dip and increased his Bitcoin portfolio.

We don't know what inside his mind but following his influence from the business side, the possiblities that

he's buying for more is very possible, he knows how the sentiments of most investors and shaken them by

creating some damage to the market will simply make this fall, opportunities for him to buy and hold and

make more money out from this market.

[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.

You can't only rely upon TA.
https://finance.yahoo.com/news/bitcoin-sinks-after-elon-musk-says-tesla-will-not-accept-the-digital-coin-for-transactions-223139231.html

Bitcoin sinks after Elon Musk says Tesla will not accept the digital coin for transactions

I think it is good he is out of it. 

Of course, TA is not an exact math, everything is just base on numbers and past historical records. So still a hit or miss specially when there's some kind of negative news like the Elon Musk tweet or his announcement about Tesla not accepting BTC anymore as mode of payment. Now, he lost crypto enthusiast clients. Elon didn't lose anything because he is not selling his bitcoin. The only thing that suffered is his stocks as it goes down as well.

[chikading2016]

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.

Even if btc will fall down below 40k$ i will still hold it for i have a big trust that this bull run will still go till next year, 100k$ is my limit and i don't care about the price of today I care about the future of the coin that i hold pump and dump is normal so i think we dont need to worry about it stay fucos guys.

[Kong Hey Pakboy]

BTC is moving around 50000$ at this moment and it looks like it's going to jump back to its previous ranges. Also why everyone is jumping around like Elon is gonna sell his Bitcoins..!! He's not gonna, I bet he bought more in the dip and increased his Bitcoin portfolio.

They felt that they were betrayed by someone who doesn't even acknowledge their existence so they are mad at it like Elon was the Anti-Christ of bitcoin market and that if he was to stray away, the market will go down in flames and will never recover. I hope that the prices do really go up but I don't mind if bitcoin stays on this limbo for awhile now since there's still a lot of time for it to go back up.

[danherbias07]

Bitcoin sinks after Elon Musk says Tesla will not accept the digital coin for transactions

I think it is good he is out of it. 

I agree.
Bitcoin can prove him wrong. It doesn't need his support at all. It is the King of cryptocurrencies and will always be.
The new guy won't understand it at all. He had never supported Bitcoin from the start so he won't feel the same way as our old timers here who had been with ups and down of the Bitcoin market.
Maybe, he should just stay supporting the joke coin and let it rekt him giving away free money for the small traders who had been playing the market of it.
Let it be his contribution for the crypto industry and not his tweets. 

[ethereumhunter]

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.

Even if btc will fall down below 40k$ i will still hold it for i have a big trust that this bull run will still go till next year, 100k$ is my limit and i don't care about the price of today I care about the future of the coin that i hold pump and dump is normal so i think we dont need to worry about it stay fucos guys.

If bitcoin falls below $40k, you have your best time to buy more bitcoin at a lower price because you can hard to see that lower price in the future. Many of us still believe that bitcoin can reach more than $100k in the future, so if we have many bitcoins, we can expect to make a big profit. We can focus on bitcoin but we can try to profit from the altcoin, which has a good movement now.

[rahmatrf331]

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.

If you say the price of bitcoin between the two posters is between $ 56,000 and $ 55,000 a good sign, that is doubtful because BTC has fallen by 17% from before. But for now it's good for you to buy in large quantities, it is likely to return to normal around $ 55,000 in the near future.

[snipie]

Bitcoin sinks after Elon Musk says Tesla will not accept the digital coin for transactions

I think it is good he is out of it. 

I agree.
Bitcoin can prove him wrong. It doesn't need his support at all. It is the King of cryptocurrencies and will always be.
The new guy won't understand it at all. He had never supported Bitcoin from the start so he won't feel the same way as our old timers here who had been with ups and down of the Bitcoin market.
Maybe, he should just stay supporting the joke coin and let it rekt him giving away free money for the small traders who had been playing the market of it.
Let it be his contribution for the crypto industry and not his tweets. 

I prefer to see him influencing less the crypto market. People following him and moving their funds blindly, whales that profit from his tweets to push the price down and up is unhealthy for our beloved BTC. This will occur eventually with more adoption which is happening nowadays but still insufficient..