Bitcoin current stage and price

[slaman29]

market is always risky because this is a Volatile investment , there is no safe zone in investing unless the market is in bearish but who knows that it does when the market keeps pumping and dumping.
anyway just like what always said, invest what you can afford to lose so you will have no crying in time.
What signals are you waiting? candling ? or signal group? if does then never trust any of them because they are only full of shits.

Yeah man. As much as we all enjoy the current market rise, this just proves every day how volatile bitcoin can get (not to mention the increased rate of volatility on other altcoins markets).

Risk is always inherent. There is no safe bet, otherwise it wouldn't be called a bet or even an investment. All we can do is find the asset with the least risk overall in its own asset class and for crypto, that's undoubtedly BTC.

[StreakW]

In my view, the price of cryptocurrencies has continued to strengthen in the past week where the price of Bitcoin broke through the $46k level. I see many investors starting to take advantage of the recent market movements by taking profits.

[LogitechMouse]

Well, it looks like that the $50,000 resistance didn't hold for a long time and we are seeing the whole crypto market right now in a short correction.
Right now, Bitcoin's price is at $47,548.93 by the time I'm posting it and it is consolidating for 3 consecutive days already.

That is normal especially when Bitcoin is going up for consecutive weeks. We might see a short correction as holders will sell a portion of their total holdings and after that, we might see Bitcoin re-testing the $50,000 price again. Right now, Bitcoin is at a stage where it is trying to surpass the $50,000 strong resistance. Staying above it for a few days to weeks is a huge positive sign for us but on the other hand, we might see Bitcoin move sideways for the next weeks at around $40,000-$50,000 like what happened months ago.

[LUCKMCFLY]

The price of BTC touched doors at $ 50k, then fell by $47k, at the moment it is by $48.7k and apparently the bulls want to raise the price back to $50k, a small bearish attack is likely to emerge, but it is known in advance that the bulls are buying in the dip, I do not think that for now the price of BTC will drop to $40k, according to the technical analysis it shows the following:

The bulls are currently defending the support line. If the rebound sustains, the bulls will have another go at the overhead resistance zone of $50,000 to $50,500. If they clear this hurdle, the BTC/USDT pair may rally to the resistance line of the wedge.

Source: https://cointelegraph.com/news/price-analysis-8-25-btc-eth-ada-bnb-xrp-doge-dot-sol-uni-bch

In my personal opinion, it is best to be in Hodl mode for now. It cannot be ruled out that it may drop in price, the bears have been there waiting for any window of vulnerability.

[jostorres]

Well, it looks like that the $50,000 resistance didn't hold for a long time and we are seeing the whole crypto market right now in a short correction.
Right now, Bitcoin's price is at $47,548.93 by the time I'm posting it and it is consolidating for 3 consecutive days already.

That is normal especially when Bitcoin is going up for consecutive weeks. We might see a short correction as holders will sell a portion of their total holdings and after that, we might see Bitcoin re-testing the $50,000 price again. Right now, Bitcoin is at a stage where it is trying to surpass the $50,000 strong resistance. Staying above it for a few days to weeks is a huge positive sign for us but on the other hand, we might see Bitcoin move sideways for the next weeks at around $40,000-$50,000 like what happened months ago.

Bitcoin could definitely go up after this fall, corrections will always happen whenever bitcoin price starts to go up. I think about it like "all these people waited for so long to make a profit again with anxiety and they deserve to cash out a little bit to relax" and I understand them, it could be some other reason but when I think about it like this, I feel a lot better about the drops.

However eventually people who believe that bitcoin may not stay around these prices will end up selling all they want to sell and finish their job, then all the people who think that the price will go up a lot more will stay and keep on fighting for the price to go up even more. This is why I believe that we will end up with bitcoin at a bigger stage very soon, it is going to be 55k+, we just need to wait for it to happen and it may not happen right away, it may take a while.

[STT]

Price is travelling sideways long enough that we have 2 day and weekly averages roughly in the same place.   I dont think its breaking upwards especially but first movement on open this Monday is upwards.

[Rajamuda]

In my view, the price of cryptocurrencies has continued to strengthen in the past week where the price of Bitcoin broke through the $46k level. I see many investors starting to take advantage of the recent market movements by taking profits.

Although the price looks more expensive at the moment but precisely due to the price movement had touched $50k... it will trigger investors' interest, not to mention more people are interested in Bitcoin because of its various advantages, it can cause a stronger price movement at high altitude, speed meter between selling and buying... still shows strong buying from a few months ago till now.

[leea-1334]

Although the price looks more expensive at the moment but precisely due to the price movement had touched $50k... it will trigger investors' interest, not to mention more people are interested in Bitcoin because of its various advantages, it can cause a stronger price movement at high altitude, speed meter between selling and buying... still shows strong buying from a few months ago till now.

And when people realize that this is still a rally, with 30% gains almost just to reach the next ATH,,, then it can only make sense to those investors looking to finally make their moves that this is the right entry point now to get in and ride the next wave comfortably.

This stage is the safe stage if there is such a thing in Bitcoin.

[Taskford]

Although the price looks more expensive at the moment but precisely due to the price movement had touched $50k... it will trigger investors' interest, not to mention more people are interested in Bitcoin because of its various advantages, it can cause a stronger price movement at high altitude, speed meter between selling and buying... still shows strong buying from a few months ago till now.

And when people realize that this is still a rally, with 30% gains almost just to reach the next ATH,,, then it can only make sense to those investors looking to finally make their moves that this is the right entry point now to get in and ride the next wave comfortably.

This stage is the safe stage if there is such a thing in Bitcoin.

But unfortunately many people will go ride ahead once they see the bull run hype starting to build up that's why we see people go down and became loser or a bag holder, that's why its good to react once the market is on stable state since for sure the pump will follow in next couple of months since the hype will start to spread out once there's a good news happened in the industry.

I also agree that this stage still what we call safe so if we want to buy do it or maybe wait for little more so that we can try to find a best spot.

[777Jolami]

Theo tôi, đây là giai đoạn rất quan trọng đối với bitcoin trong năm nay.  Rõ ràng là đợt phục hồi của thị trường kể từ ngày 20 tháng 7 cho đến nay đã giúp chúng tôi vượt qua áp lực thị trường giảm nhưng ở mức $ 50k một số người nắm giữ đã chuyển sang chốt lời ngắn hạn, động thái này đang được giữ vững.  là một tín hiệu thấp trong ngắn hạn nhưng ngắn hạn là một sự bứt phá, 50k hiện tại cần rất nhiều động lực để phá vỡ nếu không phải là một thị trường giảm lặp lại với áp lực

[leea-1334]

This stage is the safe stage if there is such a thing in Bitcoin.

But unfortunately many people will go ride ahead once they see the bull run hype starting to build up that's why we see people go down and became loser or a bag holder, that's why its good to react once the market is on stable state since for sure the pump will follow in next couple of months since the hype will start to spread out once there's a good news happened in the industry.

I also agree that this stage still what we call safe so if we want to buy do it or maybe wait for little more so that we can try to find a best spot.

But that simply is just the nature of the markets. Majority of retail traders and speculators only come because of that hype,,, and then they exit when the hype is replaced by fear.

You will never win this game of reacting first, everyone thinks they can be the first and jump ahead of everybody. So get in now, while you can, and do not worry about short term.

[sana54210]

Although the price looks more expensive at the moment but precisely due to the price movement had touched $50k... it will trigger investors' interest, not to mention more people are interested in Bitcoin because of its various advantages, it can cause a stronger price movement at high altitude, speed meter between selling and buying... still shows strong buying from a few months ago till now.

And when people realize that this is still a rally, with 30% gains almost just to reach the next ATH,,, then it can only make sense to those investors looking to finally make their moves that this is the right entry point now to get in and ride the next wave comfortably.

This stage is the safe stage if there is such a thing in Bitcoin.

But unfortunately many people will go ride ahead once they see the bull run hype starting to build up that's why we see people go down and became loser or a bag holder, that's why its good to react once the market is on stable state since for sure the pump will follow in next couple of months since the hype will start to spread out once there's a good news happened in the industry.

I also agree that this stage still what we call safe so if we want to buy do it or maybe wait for little more so that we can try to find a best spot.

It is even better when the market crashes, I took advantage of the latest two biggest falls in our crypto history and I am quite happy about it, many more before that but the latest two have been great. I bought bitcoin at 6.5k on March 2020 when it crashed (more like early April when it recovered from under 4k to 6.5k I think but do not remember exact day) and then it peaked at 64k, I sold way before that to go into a project that we made with my friends which didn't really hurt me too much, but didn't help me at all neither, just lost a grand there which is not end of the world but I made a decent return when I bought bitcoin after the crash.

Second was the latest one, from 64k to 30k was so obvious that it will recover, sure it could have gone even lower but it would eventually recover that part was so obvious, so I bought at 33k and made a good return now as well.

[leea-1334]

It is even better when the market crashes, I took advantage of the latest two biggest falls in our crypto history and I am quite happy about it, many more before that but the latest two have been great. I bought bitcoin at 6.5k on March 2020 when it crashed (more like early April when it recovered from under 4k to 6.5k I think but do not remember exact day) and then it peaked at 64k, I sold way before that to go into a project that we made with my friends which didn't really hurt me too much, but didn't help me at all neither, just lost a grand there which is not end of the world but I made a decent return when I bought bitcoin after the crash.

Second was the latest one, from 64k to 30k was so obvious that it will recover, sure it could have gone even lower but it would eventually recover that part was so obvious, so I bought at 33k and made a good return now as well.

I did not take particular advantage of those two big crashes (I only know the one in March last year in my recent memory) but I am happy to do regular buys or rather to earn along all those times, so it is always advantageous to me,,, and I am fine with that. Well done to you.

Every deep crash is good for me as it signals a few more weeks or months to get more coins since I earn in btc.

[LUCKMCFLY]

For now, the price of BTC continues to rise, at the moment it is around 48,690 USD, not bad, however technical indications show that demand and supply are the same, there is no fixed clarity but what many hope is that it can keep growing:

The bulls will have to push and sustain the price above $50,500 to signal the resumption of the uptrend. The next target objective on the upside is $60,000.

Source: https://cointelegraph.com/news/price-analysis-9-1-btc-eth-ada-bnb-xrp-doge-sol-dot-uni-luna

At the moment it can be said that the environment is very optimistic, some only think of $ 50k the goal, the most optimistic think that it is time to reach $ 60k.

[Devifajarina]

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?

Today this number is no longer suitable for us to discuss, considering the price of bitcoin is far from that figure now, I am interested in discussing bitcoin at 1 trillion at the end of this year, the strength of bitcoin resistance at this time is very dependent on the results at the end of the year, where if this will reach 1 trillion, then we can be sure bitcoin will be the king that no one can compete with, market conditions are very supportive, even tend to be stable and good for bitcoin, so bitcoin is very possible to reach that number.