Is Bitcoin at new heights

[STT]

There is an argument for some positive action but mostly its going sideways and is restricted some by prior pattern selling, most obvious is the 50 day average just nearby.  When thats out of the way it might explore better but for a while its been in a fairly set range of prices and its not left the 30's for a while.

[adaseb]

There is an argument for some positive action but mostly its going sideways and is restricted some by prior pattern selling, most obvious is the 50 day average just nearby.  When thats out of the way it might explore better but for a while its been in a fairly set range of prices and its not left the 30's for a while.

Yes I agree its basically trading sideways on very little volume and traders are getting chopped too bits. Look at how one day we are all bullish and expect new ATHs and the next day we are bearish and expecting to get $20K or even lower. I am pretty sure if we go close to $40K again, everybody will be super bullish and it'll have a false break maybe into $42K and then it'll close back down below the range high and we will go back to the range mid or range low. And then we will most likely also have a false break and then go up again towards the range mid or range high.

I am assuming we will be doing this for the next month or 2. There is very little activity in the markets. People are out there enjoying the beach instead of trading all day. You can tell this by looking at how low the ETH fees are. They are non existant. Even with bitcoins -30% hashrate reduction we didn't have a large mempool. Nobody is using the networks. Very slow summer and need to wait until the fall to get a direction on where we will go next.

[Ararbermas]

After the bottom of $28,000, now to $45,000, will it continue to rise

there's a right time for that mate,  but for sure bitcoin right now is gradually gaining strength to increase again in my personal, wherein probably before this month end as it keep showing sign of progress every time when it fluctuate back to the support.  So just be patient. Indeed its been how many attempt that it makes bump in the price , so it means there's possibility it will make good progress any time soon.

[Lorence.xD]

Too early to say that bitcoin will go to that point anytime soon, remember that there's not a lot of good news that is big enough to really consider that bitcoin will be able to go to 45k anytime. Also, why do people call the price 28k a bottom? I don't get it, it's still higher than that of the last year's price.

[saltomanx1x]

After the bottom of $28,000, now to $45,000, will it continue to rise

there's a right time for that mate,  but for sure bitcoin right now is gradually gaining strength to increase again in my personal, wherein probably before this month end as it keep showing sign of progress every time when it fluctuate back to the support.  So just be patient. Indeed its been how many attempt that it makes bump in the price , so it means there's possibility it will make good progress any time soon.

That's right buddy, let's be a big support for the progress of this bitcoin again. delete the issues that are not good, so that many support this change.
I see a lot of investors who have started to reinvest and bitcoin will see its light again after a few weeks in the dark.

[InvoKing]

Too early to say that bitcoin will go to that point anytime soon, remember that there's not a lot of good news that is big enough to really consider that bitcoin will be able to go to 45k anytime. Also, why do people call the price 28k a bottom? I don't get it, it's still higher than that of the last year's price.

There isn't a bottom nor a high price for Bitcoin. All of this designation are temporarily. The value of satoshi is so tiny comparing to dollar which means Bitcoin price will surge in the future to more than 6 digits .

[ILuckyGuyI]

Maybe it will rise in the near future, we can't know such thing. The price has reached $35.5k now. The most important thing for it to break the $40k resistance again. If it succeeds in it, then we could see the rise continuing.

[Rajamuda]

Because it fluctuates from time to time, it still difficult for us to say for sure, not to mention there are many things that affect the minds of many people on certain issues. However, the strongest point of all, does not rule out the possibility that bitcoin will continue to rise due to its popularity.

[alevlaslo]

[bitterguy28]

At least there are still a up trend coming from this graph you shared mate.

Maybe it will rise in the near future, we can't know such thing. The price has reached $35.5k now. The most important thing for it to break the $40k resistance again. If it succeeds in it, then we could see the rise continuing.

Drops 33k again today

https://coinmarketcap.com/currencies/bitcoin/

for the last whole week , the price of bitcoin constantly changing up and down.

[justdimin]

After the bottom of $28,000, now to $45,000, will it continue to rise

We are nowhere near the new heights, sure maybe there could be some increases soon but I doubt that it will be anything we haven't seen before. What I assume will happen is the price going to near 40k levels once again and that's it, I think that will be the end of it and we are not going to see anything higher, after that we will drop once again to 32-33 levels and keep repeating this action until we finally broke one direction or another.

It is just not that simple to make due with what we have right now, if we sell and the price goes up we will lose money, if we buy and price goes down we will lose money, so what people do is hold and the volume is dropping daily. So basically people are confused about what they want to do, it is not an easy job and it will never be an easy job so we are going to have to bare what we are living through and force a way out.

[perfect999]

Too early to say that bitcoin will go to that point anytime soon, remember that there's not a lot of good news that is big enough to really consider that bitcoin will be able to go to 45k anytime. Also, why do people call the price 28k a bottom? I don't get it, it's still higher than that of the last year's price.

They call $28k as the bottom because they don't care what value it was last year, they only care about the lowest value that was within this year, which is quite a negative way of looking at the market. If one shows the same attributes in the stocks market, they will never earn anything.

I don't like to comment whether we are moving towards new heights or we are declining towards a new bottom because these are all temporary movements and I seriously believe in the value of bitcoins not the price of it.

After the bottom of $28,000, now to $45,000, will it continue to rise

It's a dream for day traders who want to continuously play between these margins.

[Oceat]

It's been too long since the market has been running back and forth to 30k+ last month to expect that $45k will ever be going to happen. You might want to give up expecting that price because I believe we are in a correction and is nearly hitting the bear trend soon. I've already gave up thinking there will be a 6 digits price within this year. So i moved my expectations to 2024 for the 6 digits price. Since every halving is a sure bullish market so OP might want to expect that to happen in the next halving.

Price like this will continue to move back and forth until it drops and touch again the $28k down to $20k+.

[LUCKMCFLY]

Even BTC does not have the heigths as everyone expects, some of the most negative think that it will not rise any more, in this case BTC is in an eventual bullish trend with a strong correction, in fact it has shown signs of rapid recovery, however the price has not has dropped from $ 30k:

Conversely, if the price rises from the current level or rebounds off $31,000, the bulls will make one more attempt to clear the overhead hurdle at $36,670. If they manage to do that, the pair may rally to the overhead resistance zone at $41,330 to $42,451.67.

Source: https://cointelegraph.com/news/price-analysis-7-6-btc-eth-bnb-ada-doge-xrp-dot-uni-bch-ltc

As time goes by he may hit the $ 40,000 mark, however, he cannot be fully trusted because at any moment there can be a strong market movement and the whole scenario can change.

[btc78]

Even BTC does not have the heigths as everyone expects, some of the most negative think that it will not rise any more, in this case BTC is in an eventual bullish trend with a strong correction, in fact it has shown signs of rapid recovery, however the price has not has dropped from $ 30k:

Conversely, if the price rises from the current level or rebounds off $31,000, the bulls will make one more attempt to clear the overhead hurdle at $36,670. If they manage to do that, the pair may rally to the overhead resistance zone at $41,330 to $42,451.67.

Source: https://cointelegraph.com/news/price-analysis-7-6-btc-eth-bnb-ada-doge-xrp-dot-uni-bch-ltc

As time goes by he may hit the $ 40,000 mark, however, he cannot be fully trusted because at any moment there can be a strong market movement and the whole scenario can change.

Well week ago Bitcoin hit 40k back but did not last long , instead it happens only just for a day and dumped again.

But seemingly the chance of going back to 40k plus is there as the support keeps on trusting at 35k and above .

Lets see what 3rd quarter bring and what would happen in the next months.

[Rasa nanas]

and now the bitcoin price is stable at $33k, without good news it is very difficult for bitcoin at this time to return to $45k. I believe that currently the bitcoin price is still in a downtrend and the current price is not the lowest bitcoin price. Bitcoin price cycle is not that simple, after a tremendous increase in bitcoin price there will be a lot of people selling bitcoins. most likely after this we will descend much further. get ready

[justdimin]

It's been too long since the market has been running back and forth to 30k+ last month to expect that $45k will ever be going to happen. You might want to give up expecting that price because I believe we are in a correction and is nearly hitting the bear trend soon. I've already gave up thinking there will be a 6 digits price within this year. So i moved my expectations to 2024 for the 6 digits price. Since every halving is a sure bullish market so OP might want to expect that to happen in the next halving.

Price like this will continue to move back and forth until it drops and touch again the $28k down to $20k+.

Nothing is too impossible for bitcoin, that is what 8 years of bitcoin has thought me. Don't get me wrong thinking I am saying it WILL be 45k, I am not saying that, but to say that it won't be is equally silly as well because bitcoin could become anything. It could be 10k or it could be 50k and both are quite possible.

This is how bitcoin works, if you ever think that 45k will never come then you do not understand how crypto works because in the real life bitcoin is something volatile and it does go up and down like crazy, and it doesn't care for any supports or resistance or bulls or bears it basically doesn't care about anything, one day you wake up and it is suddenly 50k, then a month later you wake up and see it at 20k. I mean we went from 10k to 60k in few months, and we went from 60k to 30k in under a month as well, all happened pretty recently.

[LUCKMCFLY]

Bitcoin has had great mobility in the bullish sense, since it has tested the levels of $ 35k, what I really think has been fulfilled, which is that the bulls are testing price and supply levels, by eliminating the offer from the price will rise more stably and safely:

However, the volume has not yet exceeded the average level, so the pair is consolidating sideways for the second week within the narrowing range. The Bitcoin price fell out of the channel again tonight, but it might be able to test its upper border again in the evening.

In the second half of this week, a false bullish breakout to the $37,150 level is possible. One believes that this level is able to bring the pair back to the support of $32,500.

Source: https://u.today/btc-dot-and-xrp-price-analysis-for-july-7

Maybe it is not a new height but I think that BTC is testing supply levels in prices, it is likely that there will be many movements, it could possibly reach $ 40k quickly.

[livingfree]

and now the bitcoin price is stable at $33k, without good news it is very difficult for bitcoin at this time to return to $45k. I believe that currently the bitcoin price is still in a downtrend and the current price is not the lowest bitcoin price. Bitcoin price cycle is not that simple, after a tremendous increase in bitcoin price there will be a lot of people selling bitcoins. most likely after this we will descend much further. get ready

It has to break the barrier of $41k so that it can move on.

But if it won't be seen with the next days to come, then it has to be stable on its price right now. And if the opposite happens and it breaks $28k and lower.

That's what we don't like to see if we're holding not unless you're waiting to buy at lower prices.

[TravelMug]

and now the bitcoin price is stable at $33k, without good news it is very difficult for bitcoin at this time to return to $45k. I believe that currently the bitcoin price is still in a downtrend and the current price is not the lowest bitcoin price. Bitcoin price cycle is not that simple, after a tremendous increase in bitcoin price there will be a lot of people selling bitcoins. most likely after this we will descend much further. get ready

It has to break the barrier of $41k so that it can move on.

But if it won't be seen with the next days to come, then it has to be stable on its price right now. And if the opposite happens and it breaks $28k and lower.

That's what we don't like to see if we're holding not unless you're waiting to buy at lower prices.

$40k is the big mental barrier, it's the next whole numbers that we need to get. Unfortunately, with low trading volumes and hash rate continues to drop, the market will go on sideway patterns and we don't know when we will have a break out run.

This has been the pattern already, I'm not seeing a good bounce this month, so it's just better to hold and wait till the market resumes.