No strength in Bitcoin in higher time frames

[Silberman]

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 ?

Nothing can be confirmed by the graphs that appear on Bitcoin. If there is someone who can accurately predict the rise or fall of Bitcoin. I will make him the greatest teacher in the world. from the first time I got to know this virtual currency, I couldn't predict it consistently 100%.

No one can predict any market 100% of the time and that is just a fact, however you don't really have to, as long as you have the ability to predict what the market is going to do with an accuracy which is slightly higher than what you could do by chance and then you use money management skills, then that can be more than enough to produce some profits in the market, is it going to be enough to make you rich overnight? Of course not, but trading has never been about that.

[1714648626]

1714648626

[btc_angela]

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.

I think being a whole number $40k is going to be very significant barrier or support  for us. Sure, this is the very important because it could spell make or break for us again in the market.

So far is in increasing, maybe tomorrow we might see it hitting $41k. If this happens the price could stabilize in this range up until the end of 3rd of March. I'm just curious as what could  be the scenario of the 4th week as usually the price goes down hard in this time.

[rodskee]

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 ?

Still waiting for what will the market brings us, from this January post the price of Bitcoin just come and back to 40k or at least 45k but not higher than that things that i believe a sign of bearish market?
or what I mean is staying in this position for the best result in the 4th quarter?
anyway I care nothing about the market now because i already Sealed my Bitcoin in my wallet lol, meaning non of those will come or go until the specific time i decided to sell out, I'm tired of buying and selling since I am not that good, so now I will try the practical way and that is completely holding .

[Sir Legend]

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.

I prefer the price of bitcoin to rise gradually, unlike in October and November last year which could rise up to more than 12% per day, the rise or fall which is not too significant makes investors calmer and less panicked, so they can make the best decisions, range $40-50k is ideal this year.

[TravelMug]

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.

I prefer the price of bitcoin to rise gradually, unlike in October and November last year which could rise up to more than 12% per day, the rise or fall which is not too significant makes investors calmer and less panicked, so they can make the best decisions, range $40-50k is ideal this year.

Hopefully we can end this year around the price range, $40k-$50k as it seems that we are in a bear market. So the price could make a downward shift to a all time lows, and so far that is $33k-$33k and others predicted that we can even go lower than that, we will see how it pan out. As that could be the worst scenario, but we can't do anything about it but just to continue to save and accumulate cheap bitcoin.

[Questat]

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 ?

Still waiting for what will the market brings us, from this January post the price of Bitcoin just come and back to 40k or at least 45k but not higher than that things that i believe a sign of bearish market?
or what I mean is staying in this position for the best result in the 4th quarter?

We can't point out what gonna happen in the market along with the current situation. We expect a lot of changes could either be a bearish or bullish market. However, we could assume that there is an increase in market demand bringing up the price again but can't just ignore the possible impact of the economic fall that most countries had suffered this time.
Apparently, we are seeing strong gains in price hikes at this time, likely we made a pump but not for the long-term.

[RealMalatesta]

Still waiting for what will the market brings us, from this January post the price of Bitcoin just come and back to 40k or at least 45k but not higher than that things that i believe a sign of bearish market?
or what I mean is staying in this position for the best result in the 4th quarter?
anyway I care nothing about the market now because i already Sealed my Bitcoin in my wallet lol, meaning non of those will come or go until the specific time i decided to sell out, I'm tired of buying and selling since I am not that good, so now I will try the practical way and that is completely holding .

Just because price doesn't go up, doesn't make it a bear market. I have been talking about this for months now, and did it during 2018 as well and people keep not understanding carefully. If you end up with a big fall, then stay at low price, you had a bear market but you are no longer in one. This is what people need to realize, you are not doing badly and you should not be considering this as a bear market.

I feel like we may not be successful in going higher, but that doesn't mean we are in a bear market. Hopefully it doesn't go too low, if it does go too low then we are going to end up with a lot worse results and it would not be a great moment and it could be called a bear market then.

[bitgolden]

We can't point out what gonna happen in the market along with the current situation. We expect a lot of changes could either be a bearish or bullish market. However, we could assume that there is an increase in market demand bringing up the price again but can't just ignore the possible impact of the economic fall that most countries had suffered this time.
Apparently, we are seeing strong gains in price hikes at this time, likely we made a pump but not for the long-term.

Bitcoin, being a hedge against inflation helps it a lot. This means that while the fiat currency of many nations are going down, bitcoin should be going up, or at least it is a lot more valuable even if the price doesn't go up. The long term will always be greater because fiat is losing that value it has, 10 years later fiat will be worth less for sure.

It means that since we are pegged to fiat when calculating the price of bitcoin, it shouldn't be a problem for anyone to know it will be worth a lot more. So when you see short term increases, you know that it might be temporary, but it is definitely not undeservedly gone up at all, it has a right to go up due to inflation in fiat.

[fullhdpixel]

Hopefully we can end this year around the price range, $40k-$50k as it seems that we are in a bear market. So the price could make a downward shift to a all time lows, and so far that is $33k-$33k and others predicted that we can even go lower than that, we will see how it pan out. As that could be the worst scenario, but we can't do anything about it but just to continue to save and accumulate cheap bitcoin.

Don't worry mate because I think we will because the price now is at the 40+k already and it does not stays longer if ever it falls below this limit. When the increase began, we can also hit that 50k you are targeting to. Probably a continuous increase will start at the 3rd to 4th quarter of each year according to the previous years' charts.

Can't really agree when you say that we are still in a bear but to me the bears have ended already along with the month of February. We are now in a new month and new trend seems to be starting already, price getting stable is a proof to that but yeah we should still prepare for the worst thing that's going to happen.

[Silberman]

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.

I prefer the price of bitcoin to rise gradually, unlike in October and November last year which could rise up to more than 12% per day, the rise or fall which is not too significant makes investors calmer and less panicked, so they can make the best decisions, range $40-50k is ideal this year.

A trader needs to know how to take advantage of every single opportunity that presents itself, it is true that when the market is experiencing extreme volatility and it shows huge trends then this is the perfect moment to get a lot of money out of the markets, but even if the current market conditions are not really suited for something like that to happen, you can still take advantage of it by buying bitcoin and preparing yourself for the next bull run before it comes.

[cryptomaniac_xxx]

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 ?

Still waiting for what will the market brings us, from this January post the price of Bitcoin just come and back to 40k or at least 45k but not higher than that things that i believe a sign of bearish market?
or what I mean is staying in this position for the best result in the 4th quarter?

We can't point out what gonna happen in the market along with the current situation. We expect a lot of changes could either be a bearish or bullish market. However, we could assume that there is an increase in market demand bringing up the price again but can't just ignore the possible impact of the economic fall that most countries had suffered this time.
Apparently, we are seeing strong gains in price hikes at this time, likely we made a pump but not for the long-term.

Good to see some gains, getting over $40k is a good indication. And yet, for me the market seems to be shaky, and I'm still leaning towards a bear market the whole year. To make sure someones understand me, I will go back to 2017 December high and the subsequent scenario that happen after that, it was bearish cycle. So I'm thinking that it could be a repeat this year.

[btc_angela]

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 ?

that's why I never doubted bitcoin's journey, corrections don't make a reference, that bitcoin is at its lowest point for now, when the hype lasts then bitcoin can move so fast from the previous price, because the processes that occur in the market must have a cause that makes them strengthened, either slowly or rapidly.

Thta's what you call fundamental for bitcoin, it's always strengthened, although there could be factors that can affect it, but usually it can hold itself.

so it is this point of resistance that causes bitcoin to be unquestionable under any circumstances, because the market does not follow a scheme like other coins, demand and spending also affect the equilibrium point for existing coins.

Cause and effect, law of supply and demand. This is what makes the price of bitcoin very unstable and volatile. There are times that the demand is very high (bull run), and then when the demand is low (bearish). So that's what we need to look for, both markets might be hard to time, but nevertheless, if you have been in this game for so long, you will understand when to invest and be a holder.

[STT]

The highest time frame I can refer to is the Dollar index which is made up of all the largest FIAT measures in the world.   If we have strong dollar we are unlikely to see many gains in BTC especially, though its still possible it would be uphill


The trend over many years for DXY is downwards but not aggressively so and the range within that trend is very large as we swing between lows and highs.  Presently Dollar is high in fact its exceeded this multi year trend shown here in the brighter blue.  This was a top price observed twice on this chart until the recent war and higher oil price seen during war action.  With the possible NATO, EU and Russian aggression occurring which is the largest war in Europe for some decades with greater contagion possible hence risk aversion has been in influence.  However all currencies continue to be weak despite that pullback in speculative flows and commodities are still booming relatively, I consider BTC to be quite similar to a commodity though its a unique asset.

tl;dr   If you want higher BTC consider the denominator, we really need to observe DXY sub 97 daily weekly then you may see actual greater gains on higher time frames and possibly outside prior boundaries.

[Emitdama]

The point is we must be able to see opportunities, because investing is a way of preparing the right steps, if we have been here a long time, then we understand when is the right time to make a purchase, because here are not always normal conditions, the factors that affect bitcoin cannot be separated from the law of the offer, because under any circumstances there are things that affect crypto in general

The reality is that people forget the fact that you do not get "lucky" in crypto just because the price of the thing you hold goes up, or you are not "unlucky" that yours didn't. It is a fact that if you work hard and find everything you need to find about a project, and see how it could get better, then you would be making a ton of profit from it when the time comes, you may have been a little too early, but it will get there.

I had a friend who bought doge at under 3 cents in 2018, it was literally free money at that point, don't remember but it was but it was definitely under 3 cents each, he sold it for 55 cents each, that wasn't luck, dude was ready for it for many years.

[Baofeng]

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 ?

Still waiting for what will the market brings us, from this January post the price of Bitcoin just come and back to 40k or at least 45k but not higher than that things that i believe a sign of bearish market?
or what I mean is staying in this position for the best result in the 4th quarter?

We can't point out what gonna happen in the market along with the current situation. We expect a lot of changes could either be a bearish or bullish market. However, we could assume that there is an increase in market demand bringing up the price again but can't just ignore the possible impact of the economic fall that most countries had suffered this time.
Apparently, we are seeing strong gains in price hikes at this time, likely we made a pump but not for the long-term.

Good to see some gains, getting over $40k is a good indication. And yet, for me the market seems to be shaky, and I'm still leaning towards a bear market the whole year. To make sure someones understand me, I will go back to 2017 December high and the subsequent scenario that happen after that, it was bearish cycle. So I'm thinking that it could be a repeat this year.

And the gains continue up to this time, going above $45k, which is the biggest barrier so far. Anyhow, still a long way to go before the end of the year. And short term, it indicates that we might see a good price action around $50k and then we will see how it goes from them. So we might not see a bearish market for the first 6 months of the year.

[macson]

And the gains continue up to this time, going above $45k, which is the biggest barrier so far. Anyhow, still a long way to go before the end of the year. And short term, it indicates that we might see a good price action around $50k and then we will see how it goes from them. So we might not see a bearish market for the first 6 months of the year.

with bitcoin's consistency in the $35k - $43k price range so far, i'm also sure in the next 6 months we won't see a bear market but for the end of 2022 ^{(Q4 2022)} we might see a slight correction before bitcoin hits ATH again.

[cryptomaniac_xxx]

And the gains continue up to this time, going above $45k, which is the biggest barrier so far. Anyhow, still a long way to go before the end of the year. And short term, it indicates that we might see a good price action around $50k and then we will see how it goes from them. So we might not see a bearish market for the first 6 months of the year.

with bitcoin's consistency in the $35k - $43k price range so far, i'm also sure in the next 6 months we won't see a bear market but for the end of 2022 ^{(Q4 2022)} we might see a slight correction before bitcoin hits ATH again.

There is no guarantee though, maybe we can fall below $35k unexpectedly with the short time frame (within 6 months) or the price will grow to $50k as we have touch $48k in the last 3 weeks or so. Again, there could be many surprises at least for the next three months, so let's see, if we can maintain that $35k - $43k price range then good, if not the more bearish outlook, in my opinion.

[bocyaj]

Bitcoin price above the price of 40k dollars was a unique one.By consider the price will go up the 50k dollars,huge people do the levied bet.When the traders had huge capital,they will make increase the investment.When the investment was increased to higher then their capacity,it will give them a enormous profit.Or they will get into the begging stage of money holding.

[arufox]

Currently, the bitcoin price is at the level of $40k whereas previously, the bitcoin price was on the path to rebound. Although there is a small correction but we will not move in a bear market. I believe the price of bitcoin will rise again in the next few weeks even though the increase is in the 5%-8% range.

[darewaller]

Currently, the bitcoin price is at the level of $40k whereas previously, the bitcoin price was on the path to rebound. Although there is a small correction but we will not move in a bear market. I believe the price of bitcoin will rise again in the next few weeks even though the increase is in the 5%-8% range.

I do hope that price would go up, I agree with you that it looks like it is trying to go up or the near future. However, bitcoin has this horrible way of just going down if it fails to go up. Whenever we see it try to go up and if it succeeds then it's great but then it ends up going down if it fails which is a terrible tragedy.

It could have stand there and just keep being at that price, fail to go up, and stand still but for some reason when it fails it starts to crash. I do not know why and how but that is just the situation at hand. So, I believe you are right that it is trying to go up for now, but if it fails and can't go up then we will see it go down unfortunately.