Either rise or dip no more stability at this zone

[kentrolla]

Looking at last few months I think the market is at the verge of either rising further and moving towards new ATH or else it will drop further to a new low (very unlikely) but it will not hang on to the current zone of stability. I am using Bitcoin as a reference as it will either break $50k and rally towards $70k or else go back to under $40k as it cannot stay over $40k and below $50k for longer period of time.

I will not go deep into further analysis as most of the time they are inaccurate hence would like to go ahead with market emotions. What's your take on this? Are We at the most crucial part situation between major rise and bear market?

[sunsilk]

Looking at last few months I think the market is at the verge of either rising further and moving towards new ATH or else it will drop further to a new low (very unlikely) but it will not hang on to the current zone of stability. I am using Bitcoin as a reference as it will either break $50k and rally towards $70k or else go back to under $40k as it cannot stay over $40k and below $50k for longer period of time.

I will not go deep into further analysis as most of the time they are inaccurate hence would like to go ahead with market emotions. What's your take on this?

It will always end up with the result of no one can predict the exact timing where bitcoin is heading.

Are We at the most crucial part situation between major rise and bear market?

I don't think that we're on that situation. It's still clear that there's the stoppage when we're expecting it to go bear. Moving from $33k to $44k on its 1-month chart is interesting and showing a bullish sign.

But with the other analysis that I've read, they're saying that it's still showing a bearish sign.

[StreakW]

I think the bitcoin price correction in the crypto market seems to be over, at least since early February until now. The bitcoin price managed to rise from the correction zone since the last few months and even bitcoin recovered where the bitcoin price movement so far is still stable at the level of $43k. Therefore I believe the bitcoin price will continue to move towards new ATH this year.

[Reid]

As long as it can resist going under $40k then I am a happy lad.
Analysis do help but expecting perfect accuracy is not wise. There will always be the surprising parts where it doesn't go the way we predicted it.
Two days staying at 43-44k appears to be a good sign and it might pull more buyers who are FOMO. That said, I am expecting $50k in a rush and then it goes back down for a sell point but a chance for resistance at this day price.

[poldanmig]

I think the bitcoin price correction in the crypto market seems to be over, at least since early February until now. The bitcoin price managed to rise from the correction zone since the last few months and even bitcoin recovered where the bitcoin price movement so far is still stable at the level of $43k. Therefore I believe the bitcoin price will continue to move towards new ATH this year.

Bitcoin is starting to show signs of rising prices in the market, after a decline in price to reach the price of $ 36,000, now bitcoin has returned to the price of $ 44,000 and I think what you say is true, maybe bitcoin has passed its worst phase right now so the price can return pump and walk on a bullish path, hopefully we will see a price strengthening that continues to occur in bitcoin later.

[gantez]

I will not go deep into further analysis as most of the time they are inaccurate hence would like to go ahead with market emotions. What's your take on this? Are We at the most crucial part situation between major rise and bear market?

You never said what your market sentiment is. That you have started to us the obvious of price up and down movement but where is the sentiment standing for you now. For me watching for increase is the sentiment if checking recent move so far.

Here's what to focus on. It is still too early to talk about a move to ATH as Bitcoin has many resistance levels to overcome.

Yes you did a good analysis to the challenges of many resistance and I agree with you those are what focus is .

[btc_angela]

Looking at last few months I think the market is at the verge of either rising further and moving towards new ATH or else it will drop further to a new low (very unlikely) but it will not hang on to the current zone of stability. I am using Bitcoin as a reference as it will either break $50k and rally towards $70k or else go back to under $40k as it cannot stay over $40k and below $50k for longer period of time.

Not sure if we can go and hit a new ATH this year even if we break $50k. There could be short rally, but as you can see the market is falling again to $43k.

So I would say that the price might go sideways again around the boundaries of $40k-$45k. And maybe next month we will see another rally or the price will continue to go bear mood and go lower than $40k.

[hatshepsut93]

You can never be certain with Bitcoin, even when it comes to not staying at the same price. There were prolonged periods of time when it stayed in a relatively narrow price range, people even joked that it became a stablecoin. It's probably not very likely to happen now, because the market has been volatile all this cycle, which hasn't been fully resolved yet, but it's always a chance that the market will take a break at least for a short time and the price won't change much.

[el kaka22]

Stability is not what you think in crypto. When there are big moves that takes us from 35k to 45k then you can call it volatile, but in crypto anything under 5% is stability to be fair. And we had many many many days of under 5% moves as well, both when we are going down and when we are going up as well.

So, we could say that we had a big fall months ago, a smaller version few times since, then we had a good increase for a few days but aside from that probably 70+ days out of last 90 were under 5% moves. That is stability enough in the crypto world, I wouldn't assume that we would really get anything that is out of ordinary for the crypto world. I get that it would have been worse in stock market but not so much here.

[STT]

We are in range right now but generally when the price fails to move especially then some will sell, traders and speculators will cash out because often they are on leverage and have costs to take care of.   So long as we're above the weekly average it should be ok.  We are even above the 2 day average so immediately there is nothing that much to worry about it would seem.   


I think above 43k or above and we're ok and it appears we may not even retrace that much.   I wouldnt be too negative until its done more then just pause.

[tippytoes]

You can never be certain with Bitcoin, even when it comes to not staying at the same price. There were prolonged periods of time when it stayed in a relatively narrow price range, people even joked that it became a stablecoin. It's probably not very likely to happen now, because the market has been volatile all this cycle, which hasn't been fully resolved yet, but it's always a chance that the market will take a break at least for a short time and the price won't change much.

Volatility is the main factor why many people are getting into bitcoin market. Because if the price is stable, I don't think they will be very interested on this market. This is why you will notice a lot of newcomers get on board whenever there is price increase, because they are hoping they can get a hold of the possible high profit. I believe, this volatility factor will stay for years up until we see the seemingly flat line in the market price. But for now, this is what many people are taking advantage of.

[TravelMug]

Nah, I don't think that we will be in stable, maybe what you meant is sideway trading, but still there is so much volatility in this market that it's hard to say for certain that it will stay on a certain line for even days.

Just like what we have seen again in the last 24 hours, the price goes up and trying to break that $45k barrier. This might be the second attempt and if we are successful then it will definitely go so somewhat in the $46k-$48k'ish level this month. Or if we failed again, then it will go south.

[traderethereum]

Nah, I don't think that we will be in stable, maybe what you meant is sideway trading, but still there is so much volatility in this market that it's hard to say for certain that it will stay on a certain line for even days.

Just like what we have seen again in the last 24 hours, the price goes up and trying to break that $45k barrier. This might be the second attempt and if we are successful then it will definitely go so somewhat in the $46k-$48k'ish level this month. Or if we failed again, then it will go south.

I think the same as you at this moment. The price is not going up or down and tends to stay at the current price.
Maybe if the price jumps and surprises us by increasing to $46k-$50k will change the trends will become bullish and at that moment, that can attract more investors to join, although the price is a bit too high for them.
The barrier of $45k seems too strong to break but I am sure that it will be a break in this month if no bad news is coming to the market.
It is exciting to follow the price movements because sometimes, the price can surprise us by giving us a chance to buy at a flash dump or pump.

[adaseb]

Tomorrow many traders will be watching the CPI print. However judging how the stock market performed today I think it was already leaked.

If the stock market can make a new ATH in the next few weeks then obviously Bitcoin can make another attempt into the $60K range and maybe head to $70K this time.

Currently we are at resistance and there might be a short term pullback from here.

[GreatArkansas]

(....)
I will not go deep into further analysis as most of the time they are inaccurate hence would like to go ahead with market emotions. What's your take on this? Are We at the most crucial part situation between major rise and bear market?

My take on this is since we already broke $40,000, the $40,000 now will act as a support, started we broke $30,000 last year, the $10,000 increment of price of Bitcoin is become psychological support and resistance, even if you take a look on our all-time-high which is around $69,000.
So, the bounce recently is good for me and very bullish since we are back at $40,000 again.

[michellee]

I really hope that the price will not go below $43k because that can make a panic moment for traders as they already made a nice profit before. If there is a correction to the lower price, it will become a good time to buy back after selling some. I am still waiting for a while as a few hours ago, I see the red candle appear at the market so I do not decide to enter. If the situation is still like this, maybe I will try to buy some satoshi to retest the price and see later. This situation confused me to decide and I just let it happen and hopefully, everything will be okay and the price can increase back to $45k or more.

[MarjorieZimmermanGinger]

Looking at last few months I think the market is at the verge of either rising further and moving towards new ATH or else it will drop further to a new low (very unlikely) but it will not hang on to the current zone of stability. I am using Bitcoin as a reference as it will either break $50k and rally towards $70k or else go back to under $40k as it cannot stay over $40k and below $50k for longer period of time.

I will not go deep into further analysis as most of the time they are inaccurate hence would like to go ahead with market emotions. What's your take on this? Are We at the most crucial part situation between major rise and bear market?

Personally I believe Bitcoin will return to the green lane, but not in the near future, prices now range at $ 40-50k, meaning the price stage is still in this range without moving far, then if you pay attention to the market conditions that are being corrected, it does not allow recovery In the near future, so to reach the new ATH is likely in mid or later this year, if the 2021 scheme is repeated this year, it is certain that Bitcoin will reach its highest price.

[Johnyz]

Tomorrow many traders will be watching the CPI print. However judging how the stock market performed today I think it was already leaked.

If the stock market can make a new ATH in the next few weeks then obviously Bitcoin can make another attempt into the $60K range and maybe head to $70K this time.

Currently we are at resistance and there might be a short term pullback from here.

What stock market to watch for?
Anyway, Bitcoin is doing great and is able to sustain its momentum at the level of $44k if BTC breaks another resistance then I can confirm that this is not a bull trap anymore but a real recovery. We might still see some corrections which is normal, but still the up trend will continue since the market was already hit the bottom and the chart says that time BTC was oversold. BTC will rise this year, I'm too positive on this, will keep my opens for the rest of the trend. 

[Ararbermas]

For me i'm very positive as well that bitcoin will gonna break those resistance above since market is already showing green. and also based on the structure of bitcoin using daily time frame and 1 week in my views it seems the new higher high will be around 70k.. Why? Well the key levels still uptrend in higher time frame wherein it showing HH and HL and it respecting the current demand zone as well..

[Findingnemo]

It is highly unstable but stays in the 42K to 46K region for considerable amount of time so we can't really say that it is going somewhere which could be the lowest or highest. I thought we entered bearish trend when BTC dumped in last Dec but still it is managing and hanging around at this region after so many dumps so there is a strong resistance to break between 40 to 45 before going anywhere.