Bitcoin current stage and price

[Sterbens]

Some analyzes may be correct, but some still cannot say with absolute certainty and accuracy. So for us to be careful and hold it much better, even though seeing the price now it is still in a stage that is so difficult to predict. In order to avoid things that will become increasingly unmanageable in the future, we will still maintain it for a longer period of time. Bitcoin still has a long way to go and it would be too soon to let it go.

[1714856248]

1714856248

[1714856248]

1714856248

[1714856248]

1714856248

[1714856248]

1714856248

[1714856248]

1714856248

[Kong Hey Pakboy]

It's hard to predict what's going to happen next but I think that it's kind of strange that the prices are going strong even though the month is a bit in the middle and I feel like at this time around, the prices should be going down or at least not rallying high.

[Zicadis]

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.

A strong sentiment for BTC not too distant future is there, even with this latest rally to over 40K people held a strong sense of growth and with current prices

being between 40-37K is not a sign of weakness.

Heck, for the past months BTC stabilised around 30K which makes it possible that this Christmas will be a good time for HODLers. To my view, the markets are looking positive, wouldn't you agree?

[Wexnident]

It's pretty positive imo. Hovering over the 38-39k range right now, it was rather expected that it would move up after weeks of hovering around the 30k range or so. People who were able to enter at the 30k range should be quite happy right now with how much it increased. It has went down from the peak of 41k or so to what it is right now, but I'd still consider this to be quite a welcome price range imo. I'd reckon we'd see another wave of the price hovering around this range, maybe 40 - 44k for a couple more weeks before more movement could be seen. 

[Wawa2013]

The market is currently at the level of $38k+, although it has decreased from $42K.. of course, it doesn't rule out the possibility that it will pump again afterward, I think this is the right time for a new entry in investing.

As I have often said before that Bitcoin movements are difficult to predict, so who would have thought that after the price of Bitcoin rose to reach
the price of $42k, now it fell again to the price of $38k. But there's no need to panic to see Bitcoin's price drop right now, because it managed to rise
past the $40k resistance. That means Bitcoin is already making progress, where previously it always failed to rise above $40k in price. So I believe
the price of Bitcoin will soon go up again, then don't miss the opportunity to buy more Bitcoin, or for those who have not invested in Bitcoin, this is
the right time to enter the market.

[ethereumhunter]

The market is currently at the level of $38k+, although it has decreased from $42K.. of course, it doesn't rule out the possibility that it will pump again afterward, I think this is the right time for a new entry in investing.

But do not use the money you are not ready to lose because we do not know if the price will still be like this or it will go down to the low price because I see the chance to go down and reach $37k is there. It is just a correction that always happens with the price so after this, we will see the price bounce to the high price and that will break $40k. In the future, the price will reach $60k and even more, so we still have a chance to accumulate more bitcoin from now.

[slowlyslowly]

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?

bitcoin at times (always?) has manipulators in it. Based on what i have seen from some other big drops I do not think we have finished with $30,000 or even a lot lower figure and the $30,000 - $40,000 is just game paying and it will go down below $30,000 and then will stay there a while (several months?) give or take $3000-$5000 and then start to move off and at some point 2 years? the newbies will rush back in and take it quickly past $100,000. So to me even at $40,000 its a good price to buy but the majority of your money you have +spare+ you should hold off a few months as you could get twice as many satoshis for the same amount of fiat.

(not financial advice)

[BIN-BIN]

The fact that bitcoin is still trading below $40k show how strong the resistance force is against bitcoin in the $40k region for almost four trading days bitcoin has relied on around $38k to $41k price region with strong resistance around the $38k to $39k region this price proven
further how volatile and unpredictable the market is. Institutional investors are now pulling profits out of Bitcoin at the current price and reinvesting in altcoins

[Maxre]

let's be careful because potential panic buying or panic selling might going to exist if emotions can't be controlled.

Instead, I expect many people to panic sell so I can get another chance to buy at a low price. Currently, we are still in the middle of the year, the final round will start at the end of the year, so every drop today is a golden opportunity to buy more

[slaman29]

The market is currently at the level of $38k+, although it has decreased from $42K.. of course, it doesn't rule out the possibility that it will pump again afterward, I think this is the right time for a new entry in investing.

Yeah, tell us something we don't know, guy:) It's always a good entry for Bitcoin, at whatever the price is, because you always get a good average if you keep regular buying. The only difference is the wait. If you are "unlucky" to buy at the peak, then you simply added on a few years to your wait. That's all.

[jaberwock]

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.

But right now trading below $38k levels and after testing support levels around $37k levels, we may expect to test it next biggest resistance levels around $45k which may happen by this weekend. These days bitcoin moves 5-7% more frequently hence at any time we may see bitcoin to be testing $50k levels if there would be no significant negative news around.

It's always a good entry for Bitcoin, at whatever the price is, because you always get a good average if you keep regular buying. The only difference is the wait.

Yeah, only those who are dare to wait, now enjoying massive profits. So, patience will pay ALWAYS. Keep buying whenever there are some funds available and keep holding all those bitcoins will definitely make any investor rich for sure.

[imstillthebest]

i have read a thread last day and the guy said that there will be no movements in btc for the next 10 days .
theres only two outcome and that is he can be correct and you can be wrong or you can be right and he can be wrong .
 theres no hard feelings anyway because thats only a short term expectation but for the long term i always believe that btc will bypass those numbers presented here and $100k is going to be achived .

[buwaytress]

being between 40-37K is not a sign of weakness.

Heck, for the past months BTC stabilised around 30K which makes it possible that this Christmas will be a good time for HODLers. To my view, the markets are looking positive, wouldn't you agree?

Yeah, it's a sign of lack of momentum yes, but I'd say it's more of a sign of weakness from the bears that they haven't been able to hold back renewed pushes to overcome this, while 200MA keeps rising.

It's definitely a positive outlook for the medium term, and if somehow the market gains steam before August is out, then the promised land of 100k beckons still in 2021.

Before the end of the year a new ATH will be established watch this space

Don't doubt that. But whether it's 70k or 100k, that is the question for me;)

[Reid]

We've seen this before.
It sways up at large proportions then it stayed at a short range for a long time.
I think this is it again. $38-43k could be its moving price and if we could still make money out of that short-range movement then it's cool.
There is no recent big news outside that could trigger a hype leading to unexplained movements. Plus, NFT are still intact unlike how ICO cooled down before after a year. I guess we won't be seeing that $60k again for a long period of time.

[Luqman]

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.

Good idea. What is the name of the game? Weekly betting BTC price event? I hope it is free since I am not an expert in predicting price. I will join it for fun, let's see if I can bet the Bitcoin price accurately or not. If it should spend some money, I think I will join it later because it should need more skills in predicting price, not rely on luck only. Anyway, have you ever won it, bro?

[Xinarae*]

It is not possible to predict the price of bitcoin but if you have faith in bitcoin you can invest and hold on. Bitcoin is a very strong currency in the crypto market and its price goes down but it goes up to have high reassurance these months of bitcoin could be much better and the price may go up further by the end of this year.

[Yaunfitda]

It is not possible to predict the price of bitcoin but if you have faith in bitcoin you can invest and hold on. Bitcoin is a very strong currency in the crypto market and its price goes down but it goes up to have high reassurance these months of bitcoin could be much better and the price may go up further by the end of this year.

Of course, everyone knows that we can't really predict the price movement, but what we are doing is trying to make a wild educated guess base on TA.

And so far as the price breaks $40k and then goes down again is an indication that we might be in for another sideways pattern in the $37k-$39k region, it's not that bad as we still have the last quarter push to get to new all time high of $70k or at least a 6 digit which everyone is betting that it could happen.

[lienfaye]

And so far as the price breaks $40k and then goes down again is an indication that we might be in for another sideways pattern in the $37k-$39k region, it's not that bad as we still have the last quarter push to get to new all time high of $70k or at least a 6 digit which everyone is betting that it could happen.

Its not an unusual scenario seeing the price of bitcoin turning ups and down. When the price touch $40k again, some investors are probably take advantage the situation to take profit thats why it didnt last long.

Well we are still in the second month of the third quarter thus there are many things that can happen that can affect not only btc but the crypto in general.

Another bullish market is about to happen in the future and im optimistic that it might happen before this year end thus instead of thinking of the current price I am more focus on what lies ahead.

[Taskford]

And so far as the price breaks $40k and then goes down again is an indication that we might be in for another sideways pattern in the $37k-$39k region, it's not that bad as we still have the last quarter push to get to new all time high of $70k or at least a 6 digit which everyone is betting that it could happen.

Its not an unusual scenario seeing the price of bitcoin turning ups and down. When the price touch $40k again, some investors are probably take advantage the situation to take profit thats why it didnt last long.

Well we are still in the second month of the third quarter thus there are many things that can happen that can affect not only btc but the crypto in general.

Another bullish market is about to happen in the future and im optimistic that it might happen before this year end thus instead of thinking of the current price I am more focus on what lies ahead.

If whales bought at $30k dollars level then its good time to secure them when bitcoin price soar up to $40k since they actually secure a lot of money by dumping at that level. Maybe we can see them waiting up for another opportunity so we need to be watchful on the scene if we want to ride up to the current market condition.

For sure another bullish season will happen in future and if you look at the history you can see it this happen after the halving.

[rahmatrf331]

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?

my view of the current price of whales, whales are still sleeping soundly, while anchovies continue to break into the sleeping whales, is it possible that whales can wake up because of anchovy crashes, I'm impossible.
bitcoin is not yet the time to move bro, so small investors are patiently waking the whales from sleep.