once again the market is trying to break the resistance

[AliMan]

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's the last drop that we've just experience, and this time will be a good start for another promising rally which everyone is expecting to happen. Recently, the market price spoke around $40k but fluctuated down to $39k and within that range I foresee it's biggest potential to come up with another huge pumps.

[TimeTeller]

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's the last drop that we've just experience, and this time will be a good start for another promising rally which everyone is expecting to happen. Recently, the market price spoke around $40k but fluctuated down to $39k and within that range I foresee it's biggest potential to come up with another huge pumps.

We should be grateful that btc price is trying to break again the 40k level.
Some who were speculating that this will go down to $20k, maybe are not so happy as they can't buy btc at that price.
We need more positive news to finally surpass the $40k mark.
Just like this one - Uniswap with possible collaboration with PayPal.
Though it is not directly about bitcoin, but it is good news for crypto in general.

https://www.coindesk.com/uniswap-says-its-talking-with-paypal-and-more-in-a-deleted-video-from-ethcc

[GreatArkansas]

For me, this is bullish right now. No fake breakouts.

If you take a look, the recent pump started on the last week of this month, few days before the monthly close.
Take a look at the previous 2 months, the monthly close of months of May and June, few days before the monthly candle close, we saw hard dumps.
May closed below $40,000, and on the month of June, $40,000 acting a resistance and $30,000 is the support.

June, is pure sideways, $30,000 - $40,000. And look at now, we are sitting around $40,000. Closing above $40,000 on the monthly candle is very bullish.

[nira09]

For me, this is bullish right now. No fake breakouts.

If you take a look, the recent pump started on the last week of this month, few days before the monthly close.
Take a look at the previous 2 months, the monthly close of months of May and June, few days before the monthly candle close, we saw hard dumps.
May closed below $40,000, and on the month of June, $40,000 acting a resistance and $30,000 is the support.

June, is pure sideways, $30,000 - $40,000. And look at now, we are sitting around $40,000. Closing above $40,000 on the monthly candle is very bullish.

I agree with you, Bitcoin is currently holding in the $40,000 USD price range and trying to keep going up. What makes me believe Bitcoin will continue its bullish trend is that Bitcoin trading volume continues to grow (price goes up and trading volume goes up), so this is a real pump and indicates a reversal.
It's different if the price of Bitcoin goes up but the trading volume doesn't increase so much, then it's just a fake pump.

[Tervelatuk]

Hopefully it's the last drop that we've just experience, and this time will be a good start for another promising rally which everyone is expecting to happen. Recently, the market price spoke around $40k but fluctuated down to $39k and within that range I foresee it's biggest potential to come up with another huge pumps.

if we see candle close about $41k hopefull will good sign for reversal. so far market sentiment growth well and we see positive energy everywhere, if this thing could maintain and we have strong hand i am sure bitcoin price could drive more than current price.

For me, this is bullish right now. No fake breakouts.

dont be hurry to judge it is as valid reversal, we still need several confirmation technically. so far fundamental starting recovery and market going better than before.

[marine4u]

June, is pure sideways, $30,000 - $40,000. And look at now, we are sitting around $40,000. Closing above $40,000 on the monthly candle is very bullish.

After we got back to $40k for almost a month holding the threshold, this sounds good, $40k is really hard to break psychologically and is guarded by the bears. But at least bitcoin is back on the journey. The chart below shows we are very bullish and strong,... today I believe is the decisive day to break the bear cover, I predict a short $48k this week.

Source: https://twitter.com/WClementeIII/status/1420551338363179018?s=20

[Xinarae*]

The crypto market is trying to break the resistance again because it will rise to the top very soon the market could see its game again later this year. The prices of currencies are slowly rising and the demand for investing in altcoins with bitcoin is increasing the higher the amount of investment the higher the market will be. Customers who transact through online networks fail with the potential financial side of virtual currency but will not stay down for very long due to high demand.

[ethereumhunter]

I hope that this time bitcoin really recovers the position and can increase higher. With the price reaches $38k-$40k, it could be a sign for us to wait for more to see bitcoin price will start another rally. But if somehow, that does not happen, we can not do anything except waiting for more. Bitcoin, ethereum, and bnb are trying to back to the high price and I guess this time is good to trade and make a profit. But there is no guarantee that the crypto market can be like for the rest of this year, so we need to carefully analyze the market.

[seramania]

I hope it's real for the market to break through resistance and be able to have a good position. because in crypto there is a term market trap, where the market is pumped up but immediately drops drastically. I hope the market can be pumped up even if slowly but consistently. especially for btc and altcoin market

[GreatArkansas]

June, is pure sideways, $30,000 - $40,000. And look at now, we are sitting around $40,000. Closing above $40,000 on the monthly candle is very bullish.

After we got back to $40k for almost a month holding the threshold, this sounds good, $40k is really hard to break psychologically and is guarded by the bears. But at least bitcoin is back on the journey. The chart below shows we are very bullish and strong,... today I believe is the decisive day to break the bear cover, I predict a short $48k this week.
https://pbs.twimg.com/media/E7bP38AWYAI8It_?format=jpg&name=small
Source: https://twitter.com/WClementeIII/status/1420551338363179018?s=20

This is what I am talking about, there is always huge support resistance for every $10,000; $30,000, $40,000, $50,000.
After we touched the all-time high of around $60,000. These levels are very important for being support and resistant, and look they can be considered as psychological supports and resistances.

[GreatArkansas]

For me, this is bullish right now. No fake breakouts.

dont be hurry to judge it is as valid reversal, we still need several confirmation technically. so far fundamental starting recovery and market going better than before.

I'm back.
Look at now, we broke $40,000 and Bitcoin surged very fast to $41,000 and $42,000.
$40,000 is one of the important supports and resistance for the past few months, look how $40,000 played especially on previous months (before monthly closed), $40,000 will either be a support or a resistance.

[bitcon]

I can't agree that the market is ready to recover now. Positive movements that we saw from 21 st of July to the 27th, was a growth because of good news both from Elon Musk and Jeff Bezos. But people don’t want to return to usual altocoins and currencies now. It is a hype in another sphere, mostly people bring their money in NFT gaming. But not to be doubting, I just stick to the strategy of holding Bitcoin, Ethereum, BNB and some other good coins so I buy them now as well.

[ene1980]

I can't agree that the market is ready to recover now. Positive movements that we saw from 21 st of July to the 27th, was a growth because of good news both from Elon Musk and Jeff Bezos. But people don’t want to return to usual altocoins and currencies now. It is a hype in another sphere, mostly people bring their money in NFT gaming. But not to be doubting, I just stick to the strategy of holding Bitcoin, Ethereum, BNB and some other good coins so I buy them now as well.

It is time we should stop praising these stupid junks who are manipulating the market, he accepted Bitcoin investing billions and then made a huge profit and then started trashing the market and now he started accepting Bitcoin again and everyone is riding that which makes no sense because it is evident that he was manipulating the market for his benefit and everyone is falling for those.

[Mahdirakib]

It is time we should stop praising these stupid junks who are manipulating the market, he accepted Bitcoin investing billions and then made a huge profit and then started trashing the market and now he started accepting Bitcoin again and everyone is riding that which makes no sense because it is evident that he was manipulating the market for his benefit and everyone is falling for those.

People got panicked and sold their crypto but many of them have gained the maturity now. Everyone has realised that he was manipulating the market for his own benefits. Hopefully crypto investors will take their decisions by themselves without following those manipulator. Bitcoin and altcoins have started to recover slowly. BTC was struggling to reach above $40k level. Now the price is above $40k and altcoins price also increasing.

[ven7net]

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.

There is information that the second stage of growth has probably already begun, but one should not think that prices for cryptocurrencies will recover very quickly. It is believed that by the end of 2021 we will see a new flight to the moon, which will allow cryptocurrency prices to show new ATHs. if you can wait then wait and I hope we all have great profits.

[Oceat]

I can't agree that the market is ready to recover now. Positive movements that we saw from 21 st of July to the 27th, was a growth because of good news both from Elon Musk and Jeff Bezos. But people don’t want to return to usual altocoins and currencies now. It is a hype in another sphere, mostly people bring their money in NFT gaming. But not to be doubting, I just stick to the strategy of holding Bitcoin, Ethereum, BNB and some other good coins so I buy them now as well.

It is time we should stop praising these stupid junks who are manipulating the market, he accepted Bitcoin investing billions and then made a huge profit and then started trashing the market and now he started accepting Bitcoin again and everyone is riding that which makes no sense because it is evident that he was manipulating the market for his benefit and everyone is falling for those.

Welp, we can't blame those people who are like a followers of their God and it's their choice. Once Elon Musk started to tweet be ready to embrace what kind of fortune or misfortune he will gonna bring to the market. I hope people nowadays are learning their lesson because it's more likely he's going to do it again.

People now are starting to get fomo that they don't remember how Elon leave the market that causes it to dump real hard. Who would think that Bitcoin is starting to break the $40k resistance with ease because of Elon Musk again? I think this is a good opportunity to make profit already and wait for the market to go in dip and buyback.

[Viscore]

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.

There is information that the second stage of growth has probably already begun, but one should not think that prices for cryptocurrencies will recover very quickly. It is believed that by the end of 2021 we will see a new flight to the moon, which will allow cryptocurrency prices to show new ATHs. if you can wait then wait and I hope we all have great profits.

Everytime the market price takes another leap, it does not mean all the time that bullish season is heading. Sometimes, price correction takes place easily and i think its the reason why we should not be too much confident especially that this market is very volatile.

However, if we can see bitcoin price breaks it resistance level at $40k, and then the price still soaring high, then mostly likely bull season is already coming our way. So let's be more patient while waiting for it.

[Woodie]

For me, this is bullish right now. No fake breakouts.

dont be hurry to judge it is as valid reversal, we still need several confirmation technically. so far fundamental starting recovery and market going better than before.

I'm back.
Look at now, we broke $40,000 and Bitcoin surged very fast to $41,000 and $42,000.
$40,000 is one of the important supports and resistance for the past few months, look how $40,000 played especially on previous months (before monthly closed), $40,000 will either be a support or a resistance.

I thought we would have seen $45000 during the weekend but seems momentum has slowed down maybe because it's a weekend.  And from how the charts look, $40000 will be our new support area and as long as it can hold $50k is the target  and there after back to $60k.
Anybody know what's currently causing this bullish move,  because news isn't looking bullish, could it be demand at play?

[Shasha80]

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.

There is information that the second stage of growth has probably already begun, but one should not think that prices for cryptocurrencies will recover very quickly. It is believed that by the end of 2021 we will see a new flight to the moon, which will allow cryptocurrency prices to show new ATHs. if you can wait then wait and I hope we all have great profits.

Everytime the market price takes another leap, it does not mean all the time that bullish season is heading. Sometimes, price correction takes place easily and i think its the reason why we should not be too much confident especially that this market is very volatile.

However, if we can see bitcoin price breaks it resistance level at $40k, and then the price still soaring high, then mostly likely bull season is already coming our way. So let's be more patient while waiting for it.

It is true that it is too early to assume that Bitcoin is now entering a bullish trend, because the price of Bitcoin is very volatile and there is
a possibility that the price of Bitcoin will fall below $40k again. So we have to be patient to wait and make sure the Bitcoin price can stay
above $40k at least until next week. If it turns out that Bitcoin prices can stay above $40k until next week, I'm optimistic that the crypto
market will enter a bullish season again. But the increase in the price of Bitcoin now can increase investors confidence, because with
the increase in the price of Bitcoin, some altcoins have started to rise too. This hopefully can attract many new investors to be interested
in investing in cryptocurrencies, that way we can ensure the movement of the crypto market can continue to rise.

[sapnu]

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.

For sure, there will be instances where we can see and feel that the market is trying to break the resistance but most of the time, it is much more expected that the value of bitcoin and other cryoto will play along a certain price range. The fact that the market is always attempting to make a move out of its stable low value shows us how much potential it holds and it give us more reason to trust our investments on it. Another bull run may happen somewhere near the future so holding, no matter how low the value goes, do not ever sell or else you will surely regret it a lot.