Bitcoin current stage and price

[BIN-BIN]

This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?

[bosede1]

I am with you on this view that it is time to see bitcoin on the bullish move again, so as to prove against all odds that have happened in the second quarter of the year.

[Ararbermas]

For now we can't tell what's the exact value of bitcoin where it will stay for the new support level and how long the bullish will last because at this moment it's still making correction, indeed so far i don't see any reason for bitcoin to collaps again as its very steady at the current situation.. Perhaps we need to wait for more results because it seems the correction is just getting started wherein for sure it will take time again like what always happen.

[Beparanf]

Still not good because the price seems rejected at 43K level for so many times and everytime it touch, The price having a massive pull back. That resistance is very strong which is giving a threat to Bitcoin for another downtrend. This whole bounce back on the price was due to the Amazon news which already denied by the Amazon itself, so I'm afraid that bulls already steam and there's no solid news to backup this pump anymore. I'm still watching on the price but maintaining below 40K until weekends is not a good sign.

[Slow death]

This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?

the bitcoin price still hasn't broken the $42200 so I still think we're in a dangerous zone because if the price doesn't break the $42200 and stay for a long time in this $39000 zone then the price could drop to $37000 and then could drop to 34000$ to 32000$. we could only be happy when the price rises above $43000 and then start the race to $60,000 over the next few months.

I am with you on this view that it is time to see bitcoin on the bullish move again, so as to prove against all odds that have happened in the second quarter of the year.

I still think that $39,000 is still not very convincing that it couldn't go down too much, if it were at least above $42200 we could see the price go up a lot and it would be stable at support above $44000

[Gozie51]

This whole bounce back on the price was due to the Amazon news which already denied by the Amazon itself, so I'm afraid that bulls already steam and there's no solid news to backup this pump anymore. I'm still watching on the price but maintaining below 40K until weekends is not a good sign.

That news is enough to keep bitcoin up there above $40k and it will keep selling around it , dropping to $39k and back above it until a major news come to get it to break $42,000. Bitcoin has a record of staying around ranging and waiting, this is what we may witnessed this time. But surprisly, bitcoin has stumbled up again against the odds on it to drop and collapse just like the 2017 and 2018 period.

[snipie]

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The bitcoin price is lagging between $40k +/- $1k most of the time lately with few gains for traders. I expected it to stabilise above $40k for at least a week or more before moving again, well to the top and not under this barrier.
I am a little bit worried too about seeing it dropping to $37k or lower, such price shouldn't be seen anymore honestly!

[AliMan]

This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?

Before that happens we may experience slight down turns before $45k is going to break. For now let's keep our eyes on the market, we don't know some triggers will exist then rapidly attracts a huge bounce which we never expected to occur this week. The momentum is now buildinh it's strong pillas, so we must be aware on that certain scenario.

[Luqman]

We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.

I don't think it will be true, the Bitcoin price looks like decreasing. I only expect that Bitcoin can survive above $40k, then it will try to break $45k in the next week. As we know that the price movement of Bitcoin didn't very quickly as the previous uptrend season. We already saw the Bitcoin price move is quite significantly last week. So, this week, I think the Bitcoin price will be a bit stable around $39k - $42k. It is probably to happen for some days.

[AmoreJaz]

We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.

I don't think it will be true, the Bitcoin price looks like decreasing. I only expect that Bitcoin can survive above $40k, then it will try to break $45k in the next week. As we know that the price movement of Bitcoin didn't very quickly as the previous uptrend season. We already saw the Bitcoin price move is quite significantly last week. So, this week, I think the Bitcoin price will be a bit stable around $39k - $42k. It is probably to happen for some days.

this kind of speculation if you have high assurance that it will happen, this will be good if you can bet like in freebitco, the odds are really high. just to give an example, if you feel that the btc price will fall at the range of 40,001-42,500 at the end of this month -the odds is at 7.34. so if you are a gambler and you feel that you know the price range of btc, this will be a very good activity to test your instincts in the market. that is, if you are also a gambler, if not, be content of observing the market trend.

[Dhaniii]

This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?

market conditions are silent this indicates something will happen in the next few days. so get ready for the next move, will bitcoin go up or bitcoin will fall again at the $30,000 level.
I expect bitcoin to rise again and possibly break $45,000.

[Dave1]

This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?

I'm still bullish with regards to the market movement, we did went as high as $42k, but it seems we have some minor dip to ~$40k. But it doesn't mean that we are not in the bullish phase though, maybe some traders have sold out to take profits, simply as that.

And I speculate that we might be heading to $45k at the end of the month. We have many days to accomplish it and it is doable as the sentiments is bullish.

[adaseb]

There are some people that are very bullish lately. Don't know if you guys follow options trading on Deribit but someone opened 2000 Calls with a $140000-$200000 options spread. Now for those that don't know. This is called a bull spread. What a bull spread does it makes the call option cheaper but limits the max amount of profit. So the $140K calls cost 0.02BTC while $200K calls cost 0.01BTC with year end expiry.

So somebody bought 2000 of the $140K calls for 0.02BTC and sold 2000 of the $200K calls for 0.01BTC. And their overall cost was 0.01BTC for the $140K calls. Now obviously bitcoin doesn't need to go to $140K+ for the option to make money, it just needs to start moving up way before year end and its premium will increase. So if BTC goes to like $50K in the next week, most likely this options premium will go up 50% or so.

Since 0.01BTC was the net cost, at $400 an contract, they spent $800,000 just to perform this trade. Wonder how it will pay off.

[Obito]

I am with you on this view that it is time to see bitcoin on the bullish move again, so as to prove against all odds that have happened in the second quarter of the year.

It's good that we are on the positive outlook on bitcoin right now although I feel like with a change in our outlook, the market will eventually change in proportion to how we look at the market, I mean this period in years in the past is pretty much on the red but it's a different time now.

[crwth]

As someone who is bullish in every way in BTC, I believe that Bitcoin will go up higher in the long run. If you can check the trading chart of it for the past few months, it does show a hold of price in the range that we are in now. If we can break the resistance again around ~$42k, we can go even higher, TBH. I can't wait to see the upcoming price increase with this. Hopefully, every one of us can rise with this.

[pooya87]

There is a good upward momentum right now and this reverse bubble is finally deflating as price keeps going up but unfortunately there is still a lot of butthurt traders who lost a lot of money shorting bitcoin and going against the market who keep insisting on selling bitcoin and pulling its price down even though they keep losing more money trying to do so. Consequently the rise becomes a struggle as we see today.

[slaman29]

As someone who is bullish in every way in BTC, I believe that Bitcoin will go up higher in the long run. If you can check the trading chart of it for the past few months, it does show a hold of price in the range that we are in now. If we can break the resistance again around ~$42k, we can go even higher, TBH. I can't wait to see the upcoming price increase with this. Hopefully, every one of us can rise with this.

I think if we ignore the high of 63k, actually every pullback has not been so dangerous either. Support holds well, and even when it did break (30k support) it didn't even go more than 5% below and recovered very well everyt ime since.

Now this week is really important because we failed 40k BUT sellers finding it so hard to break 38k. Another weekend to look forward to if we maintain this sideways now.

[rahmatrf331]

In this view, I agree. I think there will be bullish in the next few weeks. But today the price of bitcoin has decreased slightly at $38K. I hope today's decline is a temporary correction that will bounce the chart up

bitcoin has started to decline a bit, what the hell is this? is bitcoin going to continue to fall, what makes bitcoin go down.
looks like we can see from $43,000 now to $38,000. So a decrease of $5,000 in a week or is this just a correction, I'm worried about the rumors that will come in the future, I expect bitcoin to go up again.

[buwaytress]

There are some people that are very bullish lately. Don't know if you guys follow options trading on Deribit but someone opened 2000 Calls with a $140000-$200000 options spread. Now for those that don't know. This is called a bull spread. What a bull spread does it makes the call option cheaper but limits the max amount of profit. So the $140K calls cost 0.02BTC while $200K calls cost 0.01BTC with year end expiry.

So somebody bought 2000 of the $140K calls for 0.02BTC and sold 2000 of the $200K calls for 0.01BTC. And their overall cost was 0.01BTC for the $140K calls. Now obviously bitcoin doesn't need to go to $140K+ for the option to make money, it just needs to start moving up way before year end and its premium will increase. So if BTC goes to like $50K in the next week, most likely this options premium will go up 50% or so.

Since 0.01BTC was the net cost, at $400 an contract, they spent $800,000 just to perform this trade. Wonder how it will pay off.

I won't pretend to fully understand how all these derivatives work but yeah, actually, bullish bets have been increasing, not decreasing since April. There is a bookie bet on BTC being above 100k price at Christmas which only pays out 1.01... 1 per cent! But there were already 150+ takers. So these are guys so confident of Bitcoin they are willing to hodl til Christmas and get it back only at 1 per cent profit. That's of course because they will have made much more on dollar appreciation.

Moves the last week are positive even now below 40k but the sense that something is coming gets a wee bit stronger every day.

[michellee]

This week holds high expectations for Bitcoin enthusiasts and traders who are waiting for the next Bitcoin movement. The price of bitcoin is $39,700, which some analysts consider as a bullish momentum. We expect at lists a $45k Bitcoin price before the end of this week or a strong resistance of $43k price and the end of the week.
What are your views on the current market?

But unfortunately, the price is going down deeper than before, which touches $37k and back to $38k again. $45k still be the support but I do not know when the price will hit that price because the downtrend can still stay at the current price for some time. It could happen at the end of this week or even in the next weeks. But still, the market is at a good move because the price can bounce to $38k after reaching the lowest price. Hopefully, $37k is the lowest price for this week and after this, the price really touches $45k.