Bearish movement on the way?

[TravelMug]

A good analyst predicted that when Bitcoin doesn't above $30k before July 1, 2021, then Bitcoin will have a long beark market until it reached $14k. BUT if Bitcoin is above $30k before July 1. Then we have a wonderful long bullrun for Bitcoin!

I think the most important barrier is $40k, our attempts have been rejected, specially around $42k, this is the price that most speculators are looking at, because it we broke that then we will be on a bull run cycle again.

But as I have said, we are not breaking any of this mental barrier, but I do believed that we are going to maintain above $30k this July. If there is no support at $40k, then we have enough at $30k-$35k for now.

[adaseb]

A good analyst predicted that when Bitcoin doesn't above $30k before July 1, 2021, then Bitcoin will have a long beark market until it reached $14k. BUT if Bitcoin is above $30k before July 1. Then we have a wonderful long bullrun for Bitcoin!

I think the most important barrier is $40k, our attempts have been rejected, specially around $42k, this is the price that most speculators are looking at, because it we broke that then we will be on a bull run cycle again.

But as I have said, we are not breaking any of this mental barrier, but I do believed that we are going to maintain above $30k this July. If there is no support at $40k, then we have enough at $30k-$35k for now.

$40K is not that important what is important is the $42-$43K area. Reason why because a few months back $42K was our old ATH and later on when we broke it and then started to dip, we went to $43K, and when we broke down last month and hit $30K we bounced all the way to $42K and got rejected again.

People are bearish now according to the funding rates so I am assuming we will get a huge squeeze if we break $42-43K. However the markets lately have no volume, so I don't think we will break ATH until at the very least Fall or Winter of 2021. You can tell just by looking at the low fees for bitcoin and ethereum transactions.

[pooya87]

We have been seeing higher lows but the uptrend is not yet that strong to break the resistance. The last low was with a lot of sell pressure but a very small drop at $38095. If price goes above $40k again the next 48 hours the upward triangle could be completed and the breakout will become more plausible.
In any case there is still not even a single indication of a bear market as before and we are either going sideways some more or turn into bull market real fast.

[Pamadar]

A good analyst predicted that when Bitcoin doesn't above $30k before July 1, 2021, then Bitcoin will have a long beark market until it reached $14k. BUT if Bitcoin is above $30k before July 1. Then we have a wonderful long bullrun for Bitcoin!

Anything can happen as the market is really volatile, everything depends from how the acceptance will proceed.

We are on the halfway now with that prediction and so far Bitcoin still standing above 30K, there's up and down at the moment, Still

possible to dump down or also very possible to pump if more news will come up and bring the bull momentum a strong support.
Still needs a huge amount of patience and trust while waiting for our investment.

[VanDeinsberg12]

and again the market doesn't seem to be able to break past $42k again but it's rather obvious since going to $40K the market already trying so hard so for it to go below $40K again is to be expected

but i'm fine if the market just doing sideways around $30K above as long as it doesn't go below $30K, I'm anticipating for the next bullrun to start from around $30k then we can hit $100k. im gonna go all in and if the market dumped, then I guess another hard hodl round.

[rodskee]

Quite evident that BTC chart plots a flag pattern after a strong dump, not really a bullish signal and this worries me a little bit.

P.S: I took a look at the 2018 run, I've noticed that a very similar triangular formation was been plotted, followed by another bearish movement; I know that history doesn't necessarily repeats itself on this market, but I still found this interesting

As long as the price of bitcoin stays 30k level mate there are no chance that bearish market can be established .
but once the value return down to 20,000 and below then this will change the views and may consider to be the lowest and the bear is really under taking over.
but until that time comes bearish movement is just a FUD to tackle.

[bitcub]

Amen to this.. If you are going to check Bitcoin from the 6Months timeline, you will see the bitcoin is in crucial decision making path either bull or bear. If Bitcoin price close below 30k before July 1, we are going to crash to 19k. If not we will have a happy and long bull market for 2021 and 2022.

Quite evident that BTC chart plots a flag pattern after a strong dump, not really a bullish signal and this worries me a little bit.

P.S: I took a look at the 2018 run, I've noticed that a very similar triangular formation was been plotted, followed by another bearish movement; I know that history doesn't necessarily repeats itself on this market, but I still found this interesting

As long as the price of bitcoin stays 30k level mate there are no chance that bearish market can be established .
but once the value return down to 20,000 and below then this will change the views and may consider to be the lowest and the bear is really under taking over.
but until that time comes bearish movement is just a FUD to tackle.

[Smitty Werben Man Jensen]

Bitcoin price is still above $30000, and I don't think it's bearish yet, I don't know if it's on its way,
but if according to Bitcoin price analysis if it's above $30000 it will remain safe from bearish and bullishness will continue,
how will the market reaction later we have to stay watch it

[cryptomaniac_xxx]

and again the market doesn't seem to be able to break past $42k again but it's rather obvious since going to $40K the market already trying so hard so for it to go below $40K again is to be expected

Yeah, several attempts and yet we still fail, not blaming the investors though, but it is more on those speculators, who are going to sell just to make instant profit from $40k-$37k.

but i'm fine if the market just doing sideways around $30K above as long as it doesn't go below $30K, I'm anticipating for the next bullrun to start from around $30k then we can hit $100k. im gonna go all in and if the market dumped, then I guess another hard hodl round.

Strong support along the $30k mark, I do hope it will hold, we are now sub $40k again and the movement is quite on the sideways. Another negative news might sway it to $35k or even lower. We are not safe from $30k, although as I have said, there is support but we can't never really tell.

[LUCKMCFLY]

I think that for now the movement of BTC is being bullish, I see very far that for now it is bearish, in this sense the BTC has a considerable volume and it can be said that the bulls are making a great effort so that the price recovers. faster, for ender if the bulls make the price rise a lot, it will cause many emotions in people making them buy and buy for those who entered "short", close them and the rally is stronger, since the FUD has dropped , and the bears have taken good profit.


tradingview.com

Seeing it at 4h the outlook is realent good, you can see that it can give a good bullish surprise, if the whales are activated to give a bullish movement, we could see BTC at levels of $ 50k- $ 60k giving a great recovery.

[Jating]

I think that for now the movement of BTC is being bullish, I see very far that for now it is bearish, in this sense the BTC has a considerable volume and it can be said that the bulls are making a great effort so that the price recovers. faster, for ender if the bulls make the price rise a lot, it will cause many emotions in people making them buy and buy for those who entered "short", close them and the rally is stronger, since the FUD has dropped , and the bears have taken good profit.

Yes, I think the bulls is trying to get back the market from speculators and those who short BTC right now. Saw the price dip as low as $34k if I'm not mistaken, but in the last couple of hours, it seems that there are buy orders pushing it to $36, and that is on a weekend. Usually I observed that on Sundays volumes are just so-so, but today as you have said, we have considerable volume so that's a big surprised. It could be an indication that bulls are still there, just need a little push to get back to at least $38k.

[Spack17]

I can't really predict the movements of Bitcoin price. It is open for surprises every time. When the price started going down, I started thinking like that was it and we were completely in the bear market. The price went down to 33.4k dollars in the last 24 hours. But suddenly, it started rising again and reached nearly 36k. Now it feels like the bull market is still alive.

[uneng]

Bitcoin just hit 40,000$ and crashed again. That is the new resistance level bitcoin must break to exit the bear market. Once this happens the market should flow like it was doing before the clown Elon Musk launched his unfortunate tweet worldwide. With so many positive adoption news like the ones from El Salvador and Paraguay it's a pitty bitcoin continues so bearish.
Maybe investors are fearful because such news are only speculation for now and will only have a real impact when the legislative houses pass the projects to executive's sanction.

[7788bitcoin]

Yes, I think the bulls is trying to get back the market from speculators and those who short BTC right now. Saw the price dip as low as $34k if I'm not mistaken, but in the last couple of hours, it seems that there are buy orders pushing it to $36, and that is on a weekend. Usually I observed that on Sundays volumes are just so-so, but today as you have said, we have considerable volume so that's a big surprised. It could be an indication that bulls are still there, just need a little push to get back to at least $38k.

Usually on weekend there wont be much of a volume and if you think the volume was well above than normal circumstance then we can see how the market will react in the next 48 hours. I am not expecting a huge push right now and i am expecting the next couple of months to be silent and then we might see a rally by Q4 and that is my expectations  .

[Oceat]

I can't really predict the movements of Bitcoin price. It is open for surprises every time. When the price started going down, I started thinking like that was it and we were completely in the bear market. The price went down to 33.4k dollars in the last 24 hours. But suddenly, it started rising again and reached nearly 36k. Now it feels like the bull market is still alive.

I find it normal when the price moves up and down from $30k to $40k and the $40k should be the strong resistance but no one can break it yet unless there's a new institutional investors put a great deal to invest millions of dollars to Bitcoin. One of the reason why we aren't still in the bear market is people learned to hodl instead of dumping straight to cover up their losses.

Only weak-hands can dump straight to the market without thinking the other possibilities on how to recover such losses then complain after they have lost several dollars for their investment.

[Hippocrypto]

Quite evident that BTC chart plots a flag pattern after a strong dump, not really a bullish signal and this worries me a little bit.

P.S: I took a look at the 2018 run, I've noticed that a very similar triangular formation was been plotted, followed by another bearish movement; I know that history doesn't necessarily repeats itself on this market, but I still found this interesting

The resistance is strong enough to prevent all sorts of negative speculations, but if history repeats itself then it's way too early because year 2021 hasn't yet ended. We may go a long ways to see more fluctuating markets of btc, and though there's fear of bear market that's always a normal emotions for now. We will overcome all those battle that we're facing if we're able to survive.

[nurilham]

I took a look at the 2018 run, I've noticed that a very similar triangular formation was been plotted, followed by another bearish movement

Show us a detailed explanation or even a picture of the graphs.
I don't really understand what you mean by 'similar triangular formation'.
You may view it wrong, or just panic because of seeing a decline in Bitcoin price currently.
If you describe it in a more detail and with a graph picture, we can see it together whether you are right or wrong.

I know that history doesn't necessarily repeats itself on this market, but I still found this interesting

Note that history doesn't always repeat.
We may have a different scheme on the current bullrun season.

[sheenshane]

Quite evident that BTC chart plots a flag pattern after a strong dump, not really a bullish signal and this worries me a little bit.

P.S: I took a look at the 2018 run, I've noticed that a very similar triangular formation was been plotted, followed by another bearish movement; I know that history doesn't necessarily repeats itself on this market, but I still found this interesting

The resistance is strong enough to prevent all sorts of negative speculations, but if history repeats itself then it's way too early because year 2021 hasn't yet ended. We may go a long ways to see more fluctuating markets of btc, and though there's fear of bear market that's always a normal emotions for now. We will overcome all those battle that we're facing if we're able to survive.

I don't think there's a repeat itself that will happen, we saw right now there's resistance after another dump since yesterday, the price could remain at the $30k range in the market, and that range will play longer.

I read more about adoptions and the country's legalization lately but it has not an effect on the market I think.

I'm still being positive about my prediction and I don't think a bearish trend will come and the price goes beyond $30k.  I saw a lot of good news outside and this fundamental analysis might have also an effect on the market.

[adaseb]

Right now we have basically a head and shoulders on the daily/weekly with the neckline being ~$29-$30K and shoulders being $42K with $64K as the head. Currently many traders are going to be trading this area of interest.

Most likely if we break $29K strong and don't close as a wick, then most likely we will see $25K perhaps even $20K later on. If we break the $42K with strength then we can easily go to $50K and most likely there will be strong resistance at $48K and $56K because that is where most the volume was traded and many people are holding the bag at those levels. Most likely out of fear they will want break-even there.

[Reatim]

Quite evident that BTC chart plots a flag pattern after a strong dump, not really a bullish signal and this worries me a little bit.

What worries you? because your holding might lose value in fiat? if you felt like then better sell it now or else you'll cry sooner .

but keep in mind that the amount of crypto never change in your possession .

P.S: I took a look at the 2018 run, I've noticed that a very similar triangular formation was been plotted, followed by another bearish movement; I know that history doesn't necessarily repeats itself on this market, but I still found this interesting

Is it really comparable ? or you are just starting to panic that's why you keep looking about what happen in 2018 and what will happen after 3 years?