No strength in Bitcoin in higher time frames

[Cryptock]

Bitcoin is very weak in the higher time frames ( daily & weekly). Slowly and steadily, bitcoin may break the 40k important level. Also on minor bitcoin dump, we see massive dump in the altcoins.

I wonder if we are about to move in the bear market ? What is the hope of bull market in the current circumstances ?

The very fact that you write about Bitcoin only and not about any other coin proves that you are aware of the importance of its position on the cryptocurrency market.
Bitcoin is the most popular, and despite some of its shortcomings (which are constantly being improved), it will remain the market leader for a very long time. Of course, there will be better technoogy in the future, but at the moment we are left with a book and theories about that.

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[7788bitcoin]

~
It has gone lower. The current price shows that it might go $40k and even below that. Well, just a casual weekend matters to the market and we'll have to wait until this weekend finishes.
This would give the idea that others would think of it as it's just a bull trap. While the others analysis would be giving this form as a positive sign since it's about to get on that point of being low which has to happen for it to move higher.

The recent rally was unexpected and once the it reaches a certain valuation, you should expect big investors to book their profit and that is what is going on in the market right now. I do not view the charts all the time to determine whether it is a trap or a positive sign as most of the times the market does not move according to what is indicated in the charts, use that as a reference point and that would be fine.

[cryptomaniac_xxx]

Its looking more negative then I realized, I thought we remained in range but just towards the bottom of higher recent pricing.   We are actually through the ice with that range overhead now as potential resistance.   We will have to see how monday goes but Sunday of course is the end of the weekly bar and its looking negative in its formation, quite bearish.  
  Im still more positive then within the downtrend but its disappointing we have not held the range, it has now failed along with various moving averages.  This all suggests we have stalled and must reset to a lower price.

It's weekend and maybe that is one reason why the volume might have slowed down a bit. So we will see on Monday, usually the Asian market is very strong on Monday so we will see if they can push the price higher again or we just remain and trade sideways. I know it's sorta disappointment but I would say that we are indeed in the bearish trend. Maybe just a occasional bounce here and there but the overall outlook is not looking good for the long term.

[fullhdpixel]

It's weekend and maybe that is one reason why the volume might have slowed down a bit. So we will see on Monday, usually the Asian market is very strong on Monday so we will see if they can push the price higher again or we just remain and trade sideways. I know it's sorta disappointment but I would say that we are indeed in the bearish trend. Maybe just a occasional bounce here and there but the overall outlook is not looking good for the long term.

I still do not understand the weekend being a lower volume period. I mean it is not like we are a traditional market that closes during the weekend, we are open 7/24 and people have their jobs on weekdays which means they should be mainly more free during the weekend and should be trading a lot more during those days.

For some reason, people just decide to relax or something during weekend but crypto is not a job, they mostly have a job, so getting a break from crypto during weekends never made sense to me. But, that is definitely the main reason right now, I am sure that this week will be a lot higher volume and would start to see some bigger moves.

[Slow death]

~
It has gone lower. The current price shows that it might go $40k and even below that. Well, just a casual weekend matters to the market and we'll have to wait until this weekend finishes.
This would give the idea that others would think of it as it's just a bull trap. While the others analysis would be giving this form as a positive sign since it's about to get on that point of being low which has to happen for it to move higher.

The recent rally was unexpected and once the it reaches a certain valuation, you should expect big investors to book their profit and that is what is going on in the market right now. I do not view the charts all the time to determine whether it is a trap or a positive sign as most of the times the market does not move according to what is indicated in the charts, use that as a reference point and that would be fine.

in my case, I look at the charts all the time to control the price and see how it behaves in certain resistances and supports, I like to trade (I don't trade in short timeframes because I don't see a profit) so it's important that I'm watching the chart every hour during the day and every day. there are times when I find it very tiring to watch the price, especially when there is a dump and the market is all in the red

[btc_angela]

It's weekend and maybe that is one reason why the volume might have slowed down a bit. So we will see on Monday, usually the Asian market is very strong on Monday so we will see if they can push the price higher again or we just remain and trade sideways. I know it's sorta disappointment but I would say that we are indeed in the bearish trend. Maybe just a occasional bounce here and there but the overall outlook is not looking good for the long term.

I still do not understand the weekend being a lower volume period. I mean it is not like we are a traditional market that closes during the weekend, we are open 7/24 and people have their jobs on weekdays which means they should be mainly more free during the weekend and should be trading a lot more during those days.

You maybe right that the market is open even on weekends, but the thing is, people needs to have a break, spend their time with their families. And we all know that weekend is the best time. So mostly likely it will be the same for traditional and crypto market. Traders relax at weekends, hence the slow down that is evident on the market volumes. And then market goes live on Monday, traders comes back strong at the start.

[bots1]

Bitcoin is very weak in the higher time frames ( daily & weekly). Slowly and steadily, bitcoin may break the 40k important level. Also on minor bitcoin dump, we see massive dump in the altcoins.

I wonder if we are about to move in the bear market ? What is the hope of bull market in the current circumstances ?

Indeed, the price of bitcoin has broken through the $45k price level again since the beginning of February. However, until now the bitcoin price has continued to move below the $40k price level where the bitcoin price is currently back down to the $35k level. if the $35k price level doesn't hold and the price continues to decline, then the bearish potential will get bigger until it takes bitcoin a few months to recover.

[Dave1]

Bitcoin is very weak in the higher time frames ( daily & weekly). Slowly and steadily, bitcoin may break the 40k important level. Also on minor bitcoin dump, we see massive dump in the altcoins.

I wonder if we are about to move in the bear market ? What is the hope of bull market in the current circumstances ?

Indeed, the price of bitcoin has broken through the $45k price level again since the beginning of February. However, until now the bitcoin price has continued to move below the $40k price level where the bitcoin price is currently back down to the $35k level. if the $35k price level doesn't hold and the price continues to decline, then the bearish potential will get bigger until it takes bitcoin a few months to recover.

Don't worry, it has now bounce back with a huge 10% increased in the last 24 hours. So there's no more $35k lowest low, instead we are not looking at $40k, maybe in 2 days if everything will still be strong as today's run. Although we are still in the bearish year, it's good that we are not going to see below $30k and we might just be hovering around $30k to maybe $50k this 2022.

[noormcs5]

Bitcoin is very weak in the higher time frames ( daily & weekly). Slowly and steadily, bitcoin may break the 40k important level. Also on minor bitcoin dump, we see massive dump in the altcoins.

I wonder if we are about to move in the bear market ? What is the hope of bull market in the current circumstances ?

The very fact that you write about Bitcoin only and not about any other coin proves that you are aware of the importance of its position on the cryptocurrency market.
Bitcoin is the most popular, and despite some of its shortcomings (which are constantly being improved), it will remain the market leader for a very long time. Of course, there will be better technoogy in the future, but at the moment we are left with a book and theories about that.

Yes, the entire market moves with the movement of bitcoin. You will not see altcoins pumping when bitcoin is actually going down. That's why bitcoin is the king. If there is no good momentum in bitcoin, forget about the alts, they will dump even more than bitcoin.

Altcoins usually out perform bitcoin when bitcoin is stable or gradually moving up. Weakness in bitcoin means weakness in the overall crypto market.

[cryptomaniac_xxx]

In my opinion, the current bitcoin price movement has increased significantly after correcting in the direction of $38k the last few days, currently, the bitcoin price is at the level of $43K. But we see that the current price increase is not comparable to the decline in the last few days, it even looks like a correction. Therefore, it would be better to be careful, because the current market position is still overshadowed by a deep correction.

There was indeed some factors to the current spike in the price, when there is a war, it is expected the majority of the financial markets should go down. So that what we have seen in the beginning.

But we have so far go over that notion, the price rebounded to even touch $45k, which is great in my opinion. Although it goes down again to $43k, I'm not seeing the price dipping below $40k.

[bots1]

Bitcoin is very weak in the higher time frames ( daily & weekly). Slowly and steadily, bitcoin may break the 40k important level. Also on minor bitcoin dump, we see massive dump in the altcoins.

I wonder if we are about to move in the bear market ? What is the hope of bull market in the current circumstances ?

Indeed, the price of bitcoin has broken through the $45k price level again since the beginning of February. However, until now the bitcoin price has continued to move below the $40k price level where the bitcoin price is currently back down to the $35k level. if the $35k price level doesn't hold and the price continues to decline, then the bearish potential will get bigger until it takes bitcoin a few months to recover.

Don't worry, it has now bounce back with a huge 10% increased in the last 24 hours. So there's no more $35k lowest low, instead we are not looking at $40k, maybe in 2 days if everything will still be strong as today's run. Although we are still in the bearish year, it's good that we are not going to see below $30k and we might just be hovering around $30k to maybe $50k this 2022.

Indeed, the price of bitcoin had risen to the price range of $44k in the last few days, but the price did not last long even now the price of bitcoin fell again to the range of $39k in the midst of the Russian invasion of Ukraine. Therefore, it is difficult to predict the extent to which the price of bitcoin will go down and up this year because geopolitical problems in Europe are still happening. In such a situation, many investors switch to other assets resulting in a large sell-off that causes the price of bitcoin to fall.

[CaVO32]

Bitcoin is very weak in the higher time frames ( daily & weekly). Slowly and steadily, bitcoin may break the 40k important level. Also on minor bitcoin dump, we see massive dump in the altcoins.

I wonder if we are about to move in the bear market ? What is the hope of bull market in the current circumstances ?

Indeed, the price of bitcoin has broken through the $45k price level again since the beginning of February. However, until now the bitcoin price has continued to move below the $40k price level where the bitcoin price is currently back down to the $35k level. if the $35k price level doesn't hold and the price continues to decline, then the bearish potential will get bigger until it takes bitcoin a few months to recover.

Don't worry, it has now bounce back with a huge 10% increased in the last 24 hours. So there's no more $35k lowest low, instead we are not looking at $40k, maybe in 2 days if everything will still be strong as today's run. Although we are still in the bearish year, it's good that we are not going to see below $30k and we might just be hovering around $30k to maybe $50k this 2022.

Indeed, the price of bitcoin had risen to the price range of $44k in the last few days, but the price did not last long even now the price of bitcoin fell again to the range of $39k in the midst of the Russian invasion of Ukraine. Therefore, it is difficult to predict the extent to which the price of bitcoin will go down and up this year because geopolitical problems in Europe are still happening. In such a situation, many investors switch to other assets resulting in a large sell-off that causes the price of bitcoin to fall.

But for others, it is good opportunity to accumulate more as the bitcoin's price is speculated to be increasing in the next coming years. You may not look at the price level in short-term but if you are here for long-term, and you can wait long period before sell off, this is a very good chance to get more. Well, every holder has their own preferences. But in my opinion, this is good time to buy more while the price is below $40k. As adoption is predicted to grow more, hence, demand follows.

[1CentAlsoWorthForMe]

The 40k mark is significant, but what matters more is how well bitcoins keep their value at the end of the day in a declining economy. Plus, the market isn't heading down; it's fluctuating, but the little slump isn't cause for concern. There may be a brief uptick here and there, but the long-term picture does not appear promising.

[btc_angela]

The 40k mark is significant, but what matters more is how well bitcoins keep their value at the end of the day in a declining economy. Plus, the market isn't heading down; it's fluctuating, but the little slump isn't cause for concern. There may be a brief uptick here and there, but the long-term picture does not appear promising.

Well the market has been fluctuating since the news of the outbreak of the war.
And still right now, from as high as $45k- below $40k now, there is a huge drop. Of course, we will see some uptick along the way, but we are indeed in a bearish trend so we might as well just continue to stock pile bitcoin and look at the bright side of another bear cycle. So it's going to be a hard grind again, years of seeing the price going down is going to be very difficult for the majority of us.

[STT]

Just looking at daily bars is not a higher time frame really.    I'd say weekly bars is the minimum to call it a long term perspective, if we look back a year BTC is not especially weak.  Its not gained alot but thats not weakness exactly just a lack of gains.   50 day average for daily bars was in decline but now is flattening out which is a clue we can cease negative action I think.
  The weekly bars most relevant average would be the near yearly take of 50 week or 200 average, I prefer the 50 week for being more inclusive.  This measure has a decline but at present its simply served to cap the highest prices, so around 45k we have some struggle to turn around that limit to BTC gains.   Again we need to see BTC flatten out then stabilize and later perhaps resume regular appreciation in gains to a new ATH maybe; this whole year I dont expect that just yet especially with negative news we have.   In any case the graph says we take our time.

[CaVO32]

The 40k mark is significant, but what matters more is how well bitcoins keep their value at the end of the day in a declining economy. Plus, the market isn't heading down; it's fluctuating, but the little slump isn't cause for concern. There may be a brief uptick here and there, but the long-term picture does not appear promising.

Well the market has been fluctuating since the news of the outbreak of the war.
And still right now, from as high as $45k- below $40k now, there is a huge drop. Of course, we will see some uptick along the way, but we are indeed in a bearish trend so we might as well just continue to stock pile bitcoin and look at the bright side of another bear cycle. So it's going to be a hard grind again, years of seeing the price going down is going to be very difficult for the majority of us.

After this war, hopefully soon, we will see its aftermath in crypto market. And I believe, it will be on the positive side. If we will look daily, we will tell to ourselves that we are in the bearish period. However, looking at the big picture will change your perspective on bitcoin's market. It is now up to you how you will take advantage of this opportunity before we see its price rising again. It depends on your financial capability so if you can't afford losses along the way, you may want to re-think your strategy here.

[aruldaroy]

The 40k mark is significant, but what matters more is how well bitcoins keep their value at the end of the day in a declining economy. Plus, the market isn't heading down; it's fluctuating, but the little slump isn't cause for concern. There may be a brief uptick here and there, but the long-term picture does not appear promising.

Well the market has been fluctuating since the news of the outbreak of the war.
And still right now, from as high as $45k- below $40k now, there is a huge drop. Of course, we will see some uptick along the way, but we are indeed in a bearish trend so we might as well just continue to stock pile bitcoin and look at the bright side of another bear cycle. So it's going to be a hard grind again, years of seeing the price going down is going to be very difficult for the majority of us.

After this war, hopefully soon, we will see its aftermath in crypto market. And I believe, it will be on the positive side. If we will look daily, we will tell to ourselves that we are in the bearish period. However, looking at the big picture will change your perspective on bitcoin's market. It is now up to you how you will take advantage of this opportunity before we see its price rising again. It depends on your financial capability so if you can't afford losses along the way, you may want to re-think your strategy here.

Indeed no one expects a loss here, but what other strategy can we take at this time.
Should we be silent like this?
Oh yes...

Yesterday Thursday March 10, I read the news that the president of the United States (US) officially recognized digital assets including crypto.
And this is one of the good news for bitcoin when the bitcoin tension situation in the post-war situation even the American government has recognized crypto and Joe Biden who has given instructions to US officials to regulate crypto tokens such as Bitcoin cs.
So the market also responded positively to Biden's direction because so far the US has tended to be skeptical of digital assets including Bitcoin.
and I think this should be known by many people.

[Chato1977]

The 40k mark is significant, but what matters more is how well bitcoins keep their value at the end of the day in a declining economy. Plus, the market isn't heading down; it's fluctuating, but the little slump isn't cause for concern. There may be a brief uptick here and there, but the long-term picture does not appear promising.

Well the market has been fluctuating since the news of the outbreak of the war.
And still right now, from as high as $45k- below $40k now, there is a huge drop. Of course, we will see some uptick along the way, but we are indeed in a bearish trend so we might as well just continue to stock pile bitcoin and look at the bright side of another bear cycle. So it's going to be a hard grind again, years of seeing the price going down is going to be very difficult for the majority of us.

After this war, hopefully soon, we will see its aftermath in crypto market. And I believe, it will be on the positive side. If we will look daily, we will tell to ourselves that we are in the bearish period. However, looking at the big picture will change your perspective on bitcoin's market. It is now up to you how you will take advantage of this opportunity before we see its price rising again. It depends on your financial capability so if you can't afford losses along the way, you may want to re-think your strategy here.

If the market survived the Pandemic in which the war is against an enemy that we cannot see then what more this war?
this is just from greedy attitude that upgraded to desire and power, so yes this will be a positive result once ended,
remember that we are all here because of our trust in market so continue that way and we will all get the fruit of our investments .

[Reatim]

The 40k mark is significant, but what matters more is how well bitcoins keep their value at the end of the day in a declining economy. Plus, the market isn't heading down; it's fluctuating, but the little slump isn't cause for concern. There may be a brief uptick here and there, but the long-term picture does not appear promising.

Let us look at the advantage when the price of market falls and that declining is what we most need to happen because instead of crying ? we are enjoying the season to fill more our basket of coins .
and what? the long term picture does not appear promising? how come? what is your position here?
the promise of currency cannot be sustain in short time and if we don't know how this works? then best not to learn it from there.

[STT]

40k does seem quite important, its roughly the lows of last September for reference.   I see a rising trend on the lowest prices in each month since last summer, again it seems BTC is quite able to rise from here despite many sellers it has a good pattern to its lowest prices
  Establishing these past weeks as the low should make me alot more bullish as its in line an easily observed bullish trend.