Bitcoin Bull Tamed

[Roidz]

I have never believed in a bull-tamed Bitcoin market as Bitcoin a gathering momentum for the next bull season which will take Bitcoin to 100k price.

Bitcoin (BTC) has continued on a strong upward trajectory in recent times after bitcoin was able to break the $48k price resistance some time ago, I think bitcoin is now starting to defy all market opportunities and norms, so it can be said that cryptocurrencies especially bitcoin are starting to re-enter price discovery mode after a drastic drop. and maybe not even a tame bull that's the problem right now so it's likely that a bull rally will re-occur so that would allow the cryptocurrency to gain ground in contact with its final resistance before we see a possible new record high being created.

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[Kong Hey Pakboy]

Far from being tamed, more like it's just resting for a little while and that could be a sign that it's going to rage on again in the near future. I do hope that I am right though, probably if people were to hodl for long and wait, maybe we can see it going much higher.

[RILWAN]

bitcoin has broken the 50k benchmark frequently and even at the moment, the price of bitcoin is still above $50,000, which still represents a full scale bull market.

[asrinur]

This week started with a high, not after bitcoin price went to an all-time high off above $50k, which is the highest price since May 2021, before dropping to $49k in the early hours of Tuesday this week.

Since then Bitcoin has been trying to climb back to that $50k benchmark but have faced so much resistance till this very moment, various analysts have predicted the price to stay above 50k this week but as we are all aware of the volatility in the Bitcoin market the week resided between $46k to $47k price with strong resistance.

What are your views on this, is the Bitcoin bull run tamed already or just gathering some momentum before breaking the limit?

The weakening of crypto assets today ended the strengthening trend experienced by crypto assets that occurred in the last few days. This is a good moment for traders to buy crypto assets at low prices. to benefit those who take advantage of the moment.

[bots1]

At the moment, the Bitcoin price cannot go higher as it looks to be dropping towards the 9-day moving average. Although the candle is still not closed and it looks unlikely the bulls will close above it. However, if the technical indicators move below the 60 level, the market price may end up on the downside but conversely, a move up could meet resistance levels at $55,000, $57,000, and $59,000.

[btc_angela]

This week started with a high, not after bitcoin price went to an all-time high off above $50k, which is the highest price since May 2021, before dropping to $49k in the early hours of Tuesday this week.

Since then Bitcoin has been trying to climb back to that $50k benchmark but have faced so much resistance till this very moment, various analysts have predicted the price to stay above 50k this week but as we are all aware of the volatility in the Bitcoin market the week resided between $46k to $47k price with strong resistance.

What are your views on this, is the Bitcoin bull run tamed already or just gathering some momentum before breaking the limit?

The weakening of crypto assets today ended the strengthening trend experienced by crypto assets that occurred in the last few days. This is a good moment for traders to buy crypto assets at low prices. to benefit those who take advantage of the moment.

Still gathering momentum as of now, $51k and probably $52k tomorrow. So there is no wearing of crypto assets today or in the last 24 hours, on the contrary it's gaining momentum so far and within this month we might see $60k again.

The time to buy crypto cheap is gone as we will have to peak and double the lowest low this year around $28k-$29. So if we reach $58k this month, bitcoin is going to be expensive for average traders like us.

[Kittygalore]

bitcoin has broken the 50k benchmark frequently and even at the moment, the price of bitcoin is still above $50,000, which still represents a full scale bull market.

Well, if it's hovering around the 50k resistance.then problem bitcoin market is having a hard time doing what they have to do which is break through and set another point to stay or hover around. But either way we think of what's happening to the market right now, I don't think that we have anything to worry about as bitcoin's only way is up.

[Yaunfitda]

bitcoin has broken the 50k benchmark frequently and even at the moment, the price of bitcoin is still above $50,000, which still represents a full scale bull market.

Well, if it's hovering around the 50k resistance.then problem bitcoin market is having a hard time doing what they have to do which is break through and set another point to stay or hover around. But either way we think of what's happening to the market right now, I don't think that we have anything to worry about as bitcoin's only way is up.

It touches $51k already, but we will see, we need to be confident that this price will stay for the next 24 hours and sustain it. And then we will look for the next resistance price which is around $53k-$55k.

Yes, we don't know to worry about, unless there is some negative news or fud that will come this month. So we are in a full scale bull run market and this could continue up to the end of the year.

[Furious 7]

bitcoin has broken the 50k benchmark frequently and even at the moment, the price of bitcoin is still above $50,000, which still represents a full scale bull market.

Well, if it's hovering around the 50k resistance.then problem bitcoin market is having a hard time doing what they have to do which is break through and set another point to stay or hover around. But either way we think of what's happening to the market right now, I don't think that we have anything to worry about as bitcoin's only way is up.

It touches $51k already, but we will see, we need to be confident that this price will stay for the next 24 hours and sustain it. And then we will look for the next resistance price which is around $53k-$55k.

Yes, we don't know to worry about, unless there is some negative news or fud that will come this month. So we are in a full scale bull run market and this could continue up to the end of the year.

I think the bitcoin price could hold out in the next 24 hours and it will look for any existing resistance and possibly lead to an existing one so it can make up for the next price, that's for sure.
But I'm glad it's above $50k which means a full-scale bullrun has already started.

Actually bad news about FUD there must be someone who always spreads this so that the whales can buy back at their low prices but if investors are stronger what they hold on to so far I'm sure it won't be affected by any dumping.

[STT]

Here is my previous take of the decline during September 1st we had price acting below weekly average and looking weaker, this turned out to be something of a bottom pricing.  Longer term it seems part of an ascending range or channel to pricing on a daily basis.   A week or so later we are reversed in that outlook with pricing bullish and possibly we are at the top of the channel for pricing.  Not that I would guess price action adheres purely to my view but generally lets see how it fairs especially vs 2 day and weekly averages for momentum of gains.

[poldanmig]

bitcoin has broken the 50k benchmark frequently and even at the moment, the price of bitcoin is still above $50,000, which still represents a full scale bull market.

Well, if it's hovering around the 50k resistance.then problem bitcoin market is having a hard time doing what they have to do which is break through and set another point to stay or hover around. But either way we think of what's happening to the market right now, I don't think that we have anything to worry about as bitcoin's only way is up.

now the price of bitcoin has reached $ 52k after successfully breaking through the price resistance of $ 50k and if the market is in a positive state of course the price can increase again, especially now that bitcoin has been adopted by several countries in the world. although the analysis and predictions are not always correct but at least we are still optimistic that the bitcoin price will be able to reach its ATH again and of course what we have to do now is buy bitcoin and hold it until the bitcoin price is high again

[Baofeng]

bitcoin has broken the 50k benchmark frequently and even at the moment, the price of bitcoin is still above $50,000, which still represents a full scale bull market.

Well, if it's hovering around the 50k resistance.then problem bitcoin market is having a hard time doing what they have to do which is break through and set another point to stay or hover around. But either way we think of what's happening to the market right now, I don't think that we have anything to worry about as bitcoin's only way is up.

now the price of bitcoin has reached $ 52k after successfully breaking through the price resistance of $ 50k and if the market is in a positive state of course the price can increase again, especially now that bitcoin has been adopted by several countries in the world. although the analysis and predictions are not always correct but at least we are still optimistic that the bitcoin price will be able to reach its ATH again and of course what we have to do now is buy bitcoin and hold it until the bitcoin price is high again

After you posted this, the price suddenly goes down hard to $43k, so obviously, we are not in the positive state in the last 2 days, although a good bounce to $46k has been achieved and it seems that we are green already.

I'm not sure what several countries you are talking here, it was El Salvador initially and we haven't heard any country to follow. But I wouldn't say that the bitcoin bull run has tamed, it just hit a wall right now.