once again the market is trying to break the resistance

[Nivia1st]

You know right now the market is trying to recover. this can be seen from the price of bitcoin which rose to 38k, followed by ethereum, bnb and other large altcoins which experienced a significant increase today. once again bitcoin tries to break the resistance, after several failed attempts. here's another chance to break the 40k price tag. so does ethereum, last week ETH fell below 2k. but the situation did not last long and the price shot up to its current price. if the situation is favorable whether the market will start another rally.

[bluebit25]

I think it's happening, and I hope we have a very happy week with the markets. The new trend of playtoearn is stimulating many new and returning people to the market. I think if there are no surprises, bitcoin will be somewhere between $40k-45k and all altcoins will go up with it.

[onecall123]

Everything goes up when BTC rises, and that is the way it should be. You could call it another pump-and-dump scheme. It helps you improve your position, so it's not a bad thing. No matter what ETH's position is month over month and if it doesn't rise - I'd still happily buy ETH at the lower rate for the long run. I have no confidence in this dramatic price surge. There's something fishy going on. Right now, it would be foolish to spend on any crypto.

[mindrust]

You know right now the market is trying to recover. this can be seen from the price of bitcoin which rose to 38k, followed by ethereum, bnb and other large altcoins which experienced a significant increase today. once again bitcoin tries to break the resistance, after several failed attempts. here's another chance to break the 40k price tag. so does ethereum, last week ETH fell below 2k. but the situation did not last long and the price shot up to its current price. if the situation is favorable whether the market will start another rally.

I wouldn't get my hopes too high.  It could be a bull trap.



In 2018 It fell from $20 to 10k and then went back up to $15-16k and again went down to below $10k if I remember right. This might be the beginning of a similar movement. I don't think there is enough juice left in the markets to make a new ATH.

[unusualfacts30]

Finally it's so great to see the resistance being surpassed by investors trust that continues to build towards btc and altcoins. We are in uptrend from here imo. We should see btc at about 42k range this week imo and following week we'll see another push for 50k and beyond imo. Great news for investors.

[anu1908]

In 2018 It fell from $20 to 10k and then went back up to $15-16k and again went down to below $10k if I remember right. This might be the beginning of a similar movement. I don't think there is enough juice left in the markets to make a new ATH.

some people think that 2021 run is similar to 2017, where there are some downs here and there. which one is true, we don't really know. let's wait and see how it will play out. i'd be more than happy even if we fail to break ath but stays above $50k so my shitcoin can do its thing.

[bakasabo]

Dont get foolish by this market move. Wait for few days before "putting all eggs in one basket". This might be a short-term trick. Wait for market reaction and do what you have planned.

I see two scenarios right now. In 1-2 weeks the hype will be gone and the market will return to where it was in mid July. Or the repeat of "Elon Musk story", the same that was in November. The time when he announced Tesla accepts Bitcoin as a payment and announced investments. This time there is SpaceX instead of Tesla. We could see a repeat of a winter growth.

[JeffBrad12]

A bunch of news already contributed a lot to this recovery and it seems like if we will able to break 40k resistance and the way to go to the new ATH will be even bigger than before. The people were rushing to buy in the market and they will be creating another FOMO again. I love the pattern that has already been created by bitcoin and the fact that if it's very strong right now. I hope that more and more good news will be rolling out.
I feel that we will see 40k next week.

[blockman]

It is going to make another rally and if bitcoin gets back to $40k that will be the sign that we're again for another run which might lead to $50k-$60k again. And those prices are the prices that we've been waiting to be seen again. Good for those people that have loaded up when bitcoin was $29k and when Ethereum was $1700. See, that's the difference between buying during the dip and buying only when the price goes up. It is better to be prepared most of the time and take those opportunities that we see in the market as the prices go on low and we only have to wait until it goes back again higher.

[accounting 181293]

I didn't get my hopes up too high. it could just be a momentary recovery and back down. the current market is difficult to predict so don't be easy to believe. After all this is not the first time last month bitcoin and other altcoins have experienced the same thing. but in the end it just became another downturn.

[FloridaKid]

There is nothing new about this recovery but be assured that the finally movement is way down, there is nothing new to keep the market on a new bull run level anymore but honestly I do hope something new comes up but my judgement is just the reality

[lablab03]

But its quite skeptical, because there's a lot of negative views behind of this situation of the market. And i hope it will not happen because most of the coin in the market is showing greeen again and tbh this is the first time that they're really showings positive sign to grow up.. And one thing is for sure if bitcoin fluctuate again or it will decrease more after making progress. Because for sure most alts will follow after when something bad happens..

[Serco]

You know right now the market is trying to recover. this can be seen from the price of bitcoin which rose to 38k, followed by ethereum, bnb and other large altcoins which experienced a significant increase today. once again bitcoin tries to break the resistance, after several failed attempts. here's another chance to break the 40k price tag. so does ethereum, last week ETH fell below 2k. but the situation did not last long and the price shot up to its current price. if the situation is favorable whether the market will start another rally.

hopefully it is not bull trap to make bitcoin price goes down again and even create new low. Market sentiment going better after amazon insider said this company will accept bitcoin at end of year, and unfortunately there is no confirmation from amazon team. $40k or $41k will be the key for current rally, is it will goes up or goes down again.

[shinratensei_]

I do hope something new comes up but my judgement is just the reality

The market was unpredictable and it's too early to take a judgment for the market if it will be going down at the end of the story. You didn't know what will be coming to the market very soon and what will happen for sure. Don't be pessimistic about the market. JP morgan was announcing to launch bitcoin service and is not it a piece of very good news for us?
The market can do u-turn anytime. This is crypto when anything can happen instantly

[$anounimus$]

There is nothing new about this recovery but be assured that the finally movement is way down, there is nothing new to keep the market on a new bull run level anymore but honestly I do hope something new comes up but my judgement is just the reality

Although there is nothing new in the market today, but at least some people have been able to restore their assets to their original state, because at the time the correction was just starting, there were still many people who bought mostly good coins.

[imamusma]

I didn't get my hopes up too high. it could just be a momentary recovery and back down. the current market is difficult to predict so don't be easy to believe. After all this is not the first time last month bitcoin and other altcoins have experienced the same thing. but in the end it just became another downturn.

And every decline will also return to an increase again, because the cryptocurrency market is like a wave in the sea so it is difficult to predict and also predict, so just take advantage of every momentum that is happening now, and never complain because of any conditions.

[Golftech]

There are plenty of factors that were affecting how strong the pump. You must try to read some article and bitcoin was able to breaking the resistance easily. What we need is just another major good news to come and this will be making the price of bitcoin to go to the moon again. People are getting triggered caused by the news from the JPmorgan, amazon and many more.
If these things will keep come to the market and it can build a very good sentiment to create FOMO on bitcoin.

With the news coming from big institutions, those who are reading it who don't  have any idea about crypto

will gain interest, newcomers and new money is flowing again  it's tough to call while the market is hyping

best to have your target and goals before you make your decision, it's best that you are ready to what possible

things to happened.

[Pierre 2]

Every time market tries to break that bear resistance its getting shorted to death. Especially altcoins bleed. I think this time it won't be different. We really get used to how market works after bull markets. There is no reason for it to break barriers right now. There aren't many people that believe markets will recover this quick.

[Tellek Garing]

You know right now the market is trying to recover. this can be seen from the price of bitcoin which rose to 38k, followed by ethereum, bnb and other large altcoins which experienced a significant increase today. once again bitcoin tries to break the resistance, after several failed attempts. here's another chance to break the 40k price tag. so does ethereum, last week ETH fell below 2k. but the situation did not last long and the price shot up to its current price. if the situation is favorable whether the market will start another rally.

With what I have seen, the rally has started already, the price of cryptocurrencies are increasing, this indicate another bull market, let us expect the price to go more further. Bitcoin is at its way to $40000, ethereum has gotten to $2300,/the rest of the coins at also increase price.

[Kasabus]

The pump's strength was influenced by a number of things. You should try reading some articles, and bitcoin was able to quickly break through the obstacle. What we need is only one more huge piece of good news, and the price of bitcoin will skyrocket once more. People are becoming enraged as a result of recent news from JP Morgan, Amazon, and other companies.

One more piece of news that is definitely legit and not just another fake news. Right now the price has been able to reach almost $40k so if more positive news will happen in the market, bitcoin price will eventually surpass the previous ATH and settles into a new one. But still, we should not be too confident because the price might eventually fall again when we least expect it.