BTC broke through 33,500 USDT

[pooya87]

It is obvious that the price will not go higher, we are somewhat in a bearish trend now, (admit it or not),

There are more trends than the two bull/bear trends in markets!
And if we were in a bear trend then price should have continued going down consistently instead of dropping once 2 months ago and then be stuck in the same price for 2 months!
This trend is called going sideways not bull nor bear, and it is more like an accumulation phase rather than anything else.

[slaman29]

Well, to everyone they should do as they like. I get that a lot of people made money during the TikTok challenge Doge thing last year, and also a lot of people made huge amounts from Gamestop and then Elon's tweets, good for them. But this is something different for me. To get involved like this and pretending to care. I don't care if people want to pump and dump, they all deserve what they get but then to come in the industry and pretend to care and make a change? Something completely different for me.

That's the thing, those people who you do not care about caused the crypto price to be a lot more volatile and the money to go towards wrong things. For example, if doge didn't increased but the same money went towards bitcoin we could have seen bitcoin go to 80k maybe or even 100k and then we would have all other coins to go up at the same time as well, we would still eth at 5-6k and maybe bnb at 1k, because bitcoin increased as well. That is what we should be focusing on, the fact that bitcoin is going up, all other smaller coins that are "meme coins" getting money is a pure waste because I know that it will definitely go down eventually and that is just not something I can handle or bare to see.

You do not care about it but all of that ends up hurting you as well in the long run, or at least not helping you as much as it should and that really matters.

Fair enough, but I see all their wrong actions as only temporary that will actually only help Bitcoin in the long run. I take the 2017 and 2018 events as an example of this lesson. They tried to split Bitcoin in 2017, and in fact many many splits happened. But the forks died, and even those who previously asked for big blocks many of them returned to Bitcoin and admitted they were wrong. But there was proof it was wrong.

That actually made Bitcoin even stronger because outsiders saw how it survived and grew stronger and now Segwit is not contested and adopted even by every other altcoin doing PoW.

So I kinda disagree it hurts in the long run:)

[LUCKMCFLY]

Bitcoin has been forming a slight bearish trend, so it is seen that it has fallen by 2.4%, this due to the uncertainty of the market that the bulls have not yet decided to make a forceful move, the bears are taking advantage of some opportunities that are being offered. :

On the daily chart, Bitcoin (BTC) could not rise after a false breakout of the $32,000 mark. If the daily candle closes below this vital level, there are chances to see an ongoing drop to the support zone around $30,000.

Source: https://u.today/btc-xrp-yfii-doge-and-ada-price-analysis-for-july-15

If the bear party happens, it can reach $ 30k, although I don't think the bulls will let themselves reach that price level, I think they will not drop the price of BTC that much.

[ShowOff]

If the bear party happens, it can reach $ 30k, although I don't think the bulls will let themselves reach that price level, I think they will not drop the price of BTC that much.

This is a very volatile market and price can dump and pump 10%-20% in 24 hours. Haven't we experienced it?
The current condition is a condition commonly referred to as a sideway where the price is still trying to break through the resistance but repeatedly fails so that the effect is a correction until it hits the support level. $30K would still be a good support level for now, but there is still a chance that it will be broken due to sell panic.

[Questat]

So what's the point? I mean bitcoin is up a bit in 24 hours but it doesn't mean it will pump, it's not a significant increase so eventually, the price movement will just stick to the trend which is not bullish anymore. Bitcoin is down again, 3.36% in 24 hours and this time hit the $31k marked, and could dump below $30k, IMO that's where another panic will start.

[ziyaaa]

But now, it's stuck at a level under $32k. It's really boring to follow the movements of Bitcoin price nowadays. Because there is nothing really exciting happening recently. We've been just watching it strolling around $33k mostly.

[wxa7115]

Iam not that optimistic on its recent action unless it keeps on making higher lows, all I see presently is maintaining a support level which is not quite as bullish.   Its not keeping above various momentum measures especially and its lost a trend for now at least the most positive thing I could say is we go sideways.   It really depends how much expectation there is in the price, if people are still there expecting easy gains then we probably lose those people and decline some.

And it seems to me as if you are right about your observations of the market, right now going sideways seems like the best option that we can hope for and even that is not a sure thing right now as the price is getting closer to the 30k support.

We will have to keep a very close eye to that level because if it is broken and panic takes over the market once again then we could see another heavy correction during this month, and while that can be great for those that like to buy the dip for the rest that were expecting a recovery after the dramatic drop in price that we saw this could be enough to make them get out of this market for good.

[rhodelmabanal]

Huobi market shows that BTC broke through 33500 USDT and is now quoted at 33500.39 USDT, up 2.73% in 24H.
BTC + 2.47%

Btc now stock on 31k$ and I think it will never fall down below 30k$ and it will rise again back to 60k$ I still have faith that the bitcoin will reach up to 100k$ and I never expect that it will fall down under 30k$. If bitcoin fall down below to 30k$ maybe we will not reach 100k$ this year. The market is always changing so we can always expect some good or bad news and it will always reflect on the price and all we need to do is to hold.

[Kelvinid]

Huobi market shows that BTC broke through 33500 USDT and is now quoted at 33500.39 USDT, up 2.73% in 24H.
BTC + 2.47%

Btc now stock on 31k$ and I think it will never fall down below 30k$ and it will rise again back to 60k$ I still have faith that the bitcoin will reach up to 100k$ and I never expect that it will fall down under 30k$. If bitcoin fall down below to 30k$ maybe we will not reach 100k$ this year. The market is always changing so we can always expect some good or bad news and it will always reflect on the price and all we need to do is to hold.

It was able to sustain from that level for several weeks but seeing it bale to rise back for $60k, that seems impossible. Looking at the current market behavior, I can say that we are closely moving back to the bear season. We can't just feel it's a straight dump but if we try to evaluate the behavior of altcoins, they are declining badly.

We are hoping that Bitcoin will rally back and uplift the current situation but we have also to prepared for the worse and that once it drop below $30k, I'm afraid it was the start of the bear.

[Boov]

Huobi market shows that BTC broke through 33500 USDT and is now quoted at 33500.39 USDT, up 2.73% in 24H.
BTC + 2.47%

How I wish this would continue to pump in upcoming weeks until such time we will experience faster climb. What I observed right now is the stability of btc price l, in fact it goes down below that price down to $31k, and I was anxiously seeing a possible crash towards $20k but the resistance was stronger than before.

[STT]

41,000 BTC unlocking in the next couple of days

Its more then a little bearish in outlook as we're at the tail of a long line of sells, alongside news like this quoted its fair to say some market participants are heavily apprehensive but this is also a point to call out very apparent negativity.   When market is one sided like too many people on one side of the boat, expect an upset.   An upset to an obvious bearish outlook is a possible rise.    I'am referring more to a trading type movement but I think its a fair possibility.  

[Kemarit]

41,000 BTC unlocking in the next couple of days

Its more then a little bearish in outlook as we're at the tail of a long line of sells, alongside news like this quoted its fair to say some market participants are heavily apprehensive but this is also a point to call out very apparent negativity.   When market is one sided like too many people on one side of the boat, expect an upset.   An upset to an obvious bearish outlook is a possible rise.    I'am referring more to a trading type movement but I think its a fair possibility.  

Yes, and we have been seeing a lot of sell offs already even before the unlocking. And it seems that it is over, price goes on $31k, still far cry from the last all time high, but at least this market didn't go to $20,000 or something because of the GBTC unlocking.

But the outlook still remains bearish though and we might see this in the next couple of months still. I know this is not what we all wanted to see but we have to face it. Negativity is one part of the equation, depends on how we are going to look at it as a investors or traders.

[lienfaye]

Huobi market shows that BTC broke through 33500 USDT and is now quoted at 33500.39 USDT, up 2.73% in 24H.
BTC + 2.47%

Btc now stock on 31k$ and I think it will never fall down below 30k$ and it will rise again back to 60k$ I still have faith that the bitcoin will reach up to 100k$ and I never expect that it will fall down under 30k$. If bitcoin fall down below to 30k$ maybe we will not reach 100k$ this year. The market is always changing so we can always expect some good or bad news and it will always reflect on the price and all we need to do is to hold.

It was able to sustain from that level for several weeks but seeing it bale to rise back for $60k, that seems impossible. Looking at the current market behavior, I can say that we are closely moving back to the bear season. We can't just feel it's a straight dump but if we try to evaluate the behavior of altcoins, they are declining badly.

We are hoping that Bitcoin will rally back and uplift the current situation but we have also to prepared for the worse and that once it drop below $30k, I'm afraid it was the start of the bear.

We are already in third quarter and no major changes at all. The price is currently at $31k and having a hard time to recover consistently. So yes it seems impossible to reach the last ath due to lack of good news that can affect btc or the market as a whole. Anyway holding is still the best decision at the moment since this kind of situation is just temporary though there's no timeframe until when.

[Dhaniii]

Huobi market shows that BTC broke through 33500 USDT and is now quoted at 33500.39 USDT, up 2.73% in 24H.
BTC + 2.47%

Btc now stock on 31k$ and I think it will never fall down below 30k$ and it will rise again back to 60k$ I still have faith that the bitcoin will reach up to 100k$ and I never expect that it will fall down under 30k$. If bitcoin fall down below to 30k$ maybe we will not reach 100k$ this year. The market is always changing so we can always expect some good or bad news and it will always reflect on the price and all we need to do is to hold.

It was able to sustain from that level for several weeks but seeing it bale to rise back for $60k, that seems impossible. Looking at the current market behavior, I can say that we are closely moving back to the bear season. We can't just feel it's a straight dump but if we try to evaluate the behavior of altcoins, they are declining badly.

We are hoping that Bitcoin will rally back and uplift the current situation but we have also to prepared for the worse and that once it drop below $30k, I'm afraid it was the start of the bear.

We are already in third quarter and no major changes at all. The price is currently at $31k and having a hard time to recover consistently. So yes it seems impossible to reach the last ath due to lack of good news that can affect btc or the market as a whole. Anyway holding is still the best decision at the moment since this kind of situation is just temporary though there's no timeframe until when.

in the next week bitcoin there will be an increase of 10% based on my predictions and that's for sure. bitcoin seems to be starting right now and you have to believe it.
the third quarter starts in 2021, the price correction has started to improve and maybe at the end of this year bitcoin will grow 50% from the previous price.

[peter0425]

Huobi market shows that BTC broke through 33500 USDT and is now quoted at 33500.39 USDT, up 2.73% in 24H.
BTC + 2.47%

And stays at 31k again now for 5 days now

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

maybe this is what we need to face this whole 3rd quarter because we will be seeing some good action from the start of 4th quarter and until year end.

[7788bitcoin]

maybe this is what we need to face this whole 3rd quarter because we will be seeing some good action from the start of 4th quarter and until year end.

The market is idle for the past few days and even i do expect that this will be the trend going forward till the end of this quarter and we might see another big rally by the fourth quarter and end the year at an all time high or new to the all time high valuation and then we might see a correction. We can only speculate but that is what i think that is going to happen unless there is huge investment coming in or any hype in the coming months.

[arwin100]

maybe this is what we need to face this whole 3rd quarter because we will be seeing some good action from the start of 4th quarter and until year end.

The market is idle for the past few days and even i do expect that this will be the trend going forward till the end of this quarter and we might see another big rally by the fourth quarter and end the year at an all time high or new to the all time high valuation and then we might see a correction. We can only speculate but that is what i think that is going to happen unless there is huge investment coming in or any hype in the coming months.

That's what I expect also in 4th quarter of this year but for this quarter I didn't expect any huge movements since ghost month is coming and many expect that market is dumping at that time, I don't know what's the reason behind it but seems many traders from the past are believing on this superstitious beliefs when August comes. Also yeah I agree we can really speculate since we don't know accurately on what will happen the only one we are waiting for now is to wait if there's big cash flow going to market or there are people starting to panic and see if the market is crashing.

[LUCKMCFLY]

Bitcoin at the moment has been in some uncertainty, as it has normally been falling to the levels of $ 31k, this time the bears have had some success but it is a matter of waiting to see how it continues to develop, it may be that the bulls are about to fight back:

The bulls may not let go of the $30,000 support easily. If they achieve a strong rebound off it and push the price back above $31,000, it will suggest accumulation at lower levels. A breakout and close above the 20-day exponential moving average ($32,966) will be the first sign of strength.

Source: https://cointelegraph.com/news/price-analysis-7-19-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc

Everything is a matter of waiting, some think that it will reach $ 30k, if everything goes well it is likely that it will recover at least to $35k.

[BigBos]

well, currently the price of bitcoin is under $30k. I was quite surprised to see it. but because the crypto world is like this, it seems that those who hold bitcoins need to be patient. In addition, this decline caused almost all altcoins to go down. well, I'm still expecting the price to rise again and be above the $40k price again.

[traderethereum]

well, currently the price of bitcoin is under $30k. I was quite surprised to see it. but because the crypto world is like this, it seems that those who hold bitcoins need to be patient. In addition, this decline caused almost all altcoins to go down. well, I'm still expecting the price to rise again and be above the $40k price again.

The price is back to $30k and it seems to want to break $31k because the price now is at $30,900 level price.
If this situation can be like this, maybe this day, we will see bitcoin will be back to $31k and people can sell their bitcoin and take profit.
But it needs more observation and analysis to know if bitcoin will still go up to the higher price because no sign shows that.
We are only speculating about what will happen to bitcoin but the truth is we do not know for sure.
The altcoin just follows behind bitcoin and some altcoin already increases, but it still needs more time for the altcoin to jump to the high price.