Sideways huh!

[roadrunnerjaiv2025]

Despite the low confidence in the price action lately, we are seeing a sideways market.

A sideways market is when the price moves horizontally, rising and falling but not breaking out or down. It indicates indecisiveness or consolidation, which could create a turning point. The question is in which direction will the price action go? Well, we can only hope it breaks out and starts a new trend, but it can still go down.

The only good thing about a sideways market is that the price action between support and resistance is more predictable, so it's a good time to scalp. However, during a period of indecisiveness, you should trust fundamental indicators more than technical indicators, as anxious investors often turn their attention toward macroeconomic factors. This way, you can better anticipate breakouts.

I'm not a financial adviser so take my words with a pinch of salt. But, these are general facts most traders already know of. Yes, there's money for you even in a choppy but only if you play your cards right. Trade, not gamble.

[1714990277]

1714990277

[kryptqnick]

Op, I like the term and that you brought it up. The price does seem sort of stuck around $30k, not moving significantly above or below this point. As I see no strong reasons for Bitcoin to stay down right now (no major restrictions from major countries, no big companies pulling out money, nothing like that), I think it's likely that the price will go up from this point. But, of course, who knows, maybe it can go down even further. It's best to wait it out and see what happens.

[fiulpro]

The price have been going down lately, I haven't seen a + in the meantime it's more than -4 but I do think that people who were not so sure about buying Bitcoins at the price which was almost double this amount are going to pump it up soon at the same time there is a lot on the news about bitcoins and other cryptocurrencies being adopted, people meeting El Salvador's govt. - then news like they dropping the bitcoins down it's making everything too weird, there are a lot of FUD's in the market as well, the market haven't recovered from the huge buy out and from the increasing interest rates by fed I think it would only be positive after the recovery.

[pawanjain]

Well, we can say it is going sideways currently but we don't know until when. We can only wait until the price bounces back.
If you see the weekly chart we can observe that the price has been falling every week until today.
So may be will have to wait few more weeks to see if it's really a sideways trend or not.

[cabron]

 
Not a good time to buy back still. We still didnt hit the bottom after the massive dumping during the heat of UST issue, we're still in the same downtrend. If this sideway movement takes weeks to month,  I will only expect another issue to rise for price to dip again $25k, its a stressful slow downtrend.

Right when I think the trend could change, its going downwards again.

[Coin_trader]

Well, we can say it is going sideways currently but we don't know until when. We can only wait until the price bounces back.
If you see the weekly chart we can observe that the price has been falling every week until today.
So may be will have to wait few more weeks to see if it's really a sideways trend or not.

Exactly. Many traders look on short time frame and view crypto market market in general using it. Longer time frame suggest that Bitcoin is not on sideways but rather on the continuous dump since the relief to 45K area. It's a good thing that weekly candle didn't close below 28K and bounce back before the weekly candle print. I’m still hoping tomsee a doji on a weekly candle or else we will continue go down the 20k support or worst if the bull can not find a strong support.

Let's see and observe what will gonna happened on the current weekly candle to determine the trend if there is a potential reversal.

[Oshosondy]

The question is which direction will price action turn to? Well, we can only hope it breaks out and starts a new trend.

It depends on how long you want to buy and hold, if it is for short period of time, I can guess this may still not be the best time because we do not know if the price of bitcoin can go down the more, but if it will go down, the downturn would probably not be significant.

You can still wait for awhile before buying but what if you miss the boat, it is possible but I think it is not likely for now.

If you want to invest for a long period of time, you can buy and hold bitcoin right away, the price will increase and you will gain but this can take like 2 or 3 years.

You can have a kind of investment strategy like some people bought at $35000, but not with all their money, bought again at $30000 but just part of their money, they are ready to buy at $25000 and also if bitcoin price decrease the more, which I do not think, they are ready to invest more money at $20000. This is a good investment that long term holders will seruly make profit from when bull run start.

[pawanjain]

Well, we can say it is going sideways currently but we don't know until when. We can only wait until the price bounces back.
If you see the weekly chart we can observe that the price has been falling every week until today.
So may be will have to wait few more weeks to see if it's really a sideways trend or not.

Exactly. Many traders look on short time frame and view crypto market market in general using it. Longer time frame suggest that Bitcoin is not on sideways but rather on the continuous dump since the relief to 45K area. It's a good thing that weekly candle didn't close below 28K and bounce back before the weekly candle print. I’m still hoping tomsee a doji on a weekly candle or else we will continue go down the 20k support or worst if the bull can not find a strong support.

Let's see and observe what will gonna happened on the current weekly candle to determine the trend if there is a potential reversal.

Yeah, even I am waiting to see how this week turns out for bitcoin. If the response is positive it might be the bottom.
I am "wishing" that this should be the bottom because it has been quite some time now since we have seen a green market.

[speedy963]

Yup, it definitely seems like we are entering a sideways scenario. Heck, I even think that we are already within it and the ranges would be 20k+ to 40k. Atill though, I am feeling a but bullish and currently expecting a breakout to 41k. Although it wouldn't be happening that fast but it think it'll happen anywhere before the third quarter of this year. The prices we see right now are definitely good prices to buy for spot and if it goes lower, just DCA or wait the storm out.

[fortuner]

Yup, it definitely seems like we are entering a sideways scenario. Heck, I even think that we are already within it and the ranges would be 20k+ to 40k. Atill though, I am feeling a but bullish and currently expecting a breakout to 41k. Although it wouldn't be happening that fast but it think it'll happen anywhere before the third quarter of this year. The prices we see right now are definitely good prices to buy for spot and if it goes lower, just DCA or wait the storm out.

The decline can be said to be there again whether it will go down to 20k or even drop below $20k.
Everyone is still in doubt to buy and hold bitcoin so hoping for its price to go up to $40 and above even though for now it is very impossible.

[adaseb]

I think what will happen is we will creep up to like $35K or $40K and stay there for most of the Summer. However when Fall comes around we might revisit the $25K and most likely will break it.

The stock market is going to start taking a break from all these sell offs soon in my opinion. I think most that panic sold are already out of the time. The PE ratios are finally coming down and I think the bottom is near. I don’t believe any of these “Great Depression” type of stock market crashes.

[GreatArkansas]

It's also good to zoom out your chart when identifying the sideways. It's more effective if you use a higher timeframe to identify the market structure.

The current situation with Bitcoin for me is really risky after Bitcoin broke below $30,000. Look how it will always dump when it is trying to climb above back to $30,000.
So for me, the current support now is $20,000. Sideways is between $20,000 and $30,000.

[cabron]

It's also good to zoom out your chart when identifying the sideways. It's more effective if you use a higher timeframe to identify the market structure.

The current situation with Bitcoin for me is really risky after Bitcoin broke below $30,000. Look how it will always dump when it is trying to climb above back to $30,000.
So for me, the current support now is $20,000. Sideways is between $20,000 and $30,000.

I think it will already bottom when it hit the $25K. Its not however a guarantee that an uptrend will come as well and perhaps touch that $20k support.

We are currently in a recession, many people will just keep the cash so they can  spend for the necessity. But only the rich people will keep on buying in the crypto market. Retail investors will feel the need to cash out. This could be  just a reset in crypto where only the rich can afford soon.

So hold on to your dear life.

[STT]

Sideways is indecisive but its not unnoticed when we do slip along doing nothing because the absence of negative can be taken as a positive possibly.   Have to see how we maintain momentum upwards if there is such a thing, often I find BTC carries out many tests and fakes before it really moves.



So this doesnt matter much and it does because it can lead to things.  This is only 2 and 7 day averages but its coincidentally marked the top prices in narration of this recent downturn.  Thats why I watch it because its often a good boundary to watch and I only take price as being positive especially beyond fast trades when its above the yellow line here or weekly MA.  Close 30k on the daily and it starts to get attention & has to snowball really, at present its just noise.

[roadrunnerjaiv2025]

The price have been going down lately, I haven't seen a + in the meantime it's more than -4 but I do think that people who were not so sure about buying Bitcoins at the price which was almost double this amount are going to pump it up soon at the same time there is a lot on the news about bitcoins and other cryptocurrencies being adopted, people meeting El Salvador's govt. - then news like they dropping the bitcoins down it's making everything too weird, there are a lot of FUD's in the market as well, the market haven't recovered from the huge buy out and from the increasing interest rates by fed I think it would only be positive after the recovery.

If one or two of the big whales decide to capitulate because they see an opportunity elsewhere, it will definitely break down. So yes, we never know what's going to happen. I can see that governments and big financial institutions cashing in on crypto or have their own holdings have an influence on the price movement. Since they are always in the news, most investors are tuned in to their stories. It seems like the next trend will take place once any of them make a drastic move.

[roadrunnerjaiv2025]

I think what will happen is we will creep up to like $35K or $40K and stay there for most of the Summer. However when Fall comes around we might revisit the $25K and most likely will break it.

The stock market is going to start taking a break from all these sell offs soon in my opinion. I think most that panic sold are already out of the time. The PE ratios are finally coming down and I think the bottom is near. I don’t believe any of these “Great Depression” type of stock market crashes.

I agree with you, especially on the "great depression type crashes not happening." I mean, we've been through that several times. If no one has learned a lesson, we're doomed as a species. But, we can't deny that even crashes not as severe devastates smaller investors. Hope all the markets recover quickly so we can get on with our lives.

[pooya87]

The only good thing about a sideways market is that the price action between support and resistance is more predictable, so it's a good time to scalp.

The problem with any type of short term bitcoin trading is that it is never easy to predict anything. I personally blame the irrational investors who keep buying bitcoin hoping for quick profit, aka weak hands. At any time the "more predictable" support or resistance could be broken just as we saw hundreds of times before where price shoots up or crashes down.
My favorite example is from April 2019 when $4k resistance suddenly breaks and price shoots up 50% in one day doubles in a couple of weeks.

[Reid]

That may be the best term for it. Just sideways.  
Good opportunity for short-term traders, make money in a day run or even just in minutes. Yesterday, May 19, Bitcoin was at $28k which and now at $30k which means a 2k difference which is a good profit already in just hours of waiting.
IMO, this is the same as what happened before, I think BTC was at $3k and stayed there for a long time. December of 2018 to March of 2019. Next, will be another pump in my prediction, sadly I don't know when.

[el kaka22]

This isn't sideways for bitcoin standards. We have seen 48k last month, then 40k, then 26k, now over 30k. That is not a sideways, sure for the past few days we have been a bit sideways but we can't move breakout every single day, we need to end up with a bit of a challenge and that should be something a bit better.

I believe that we should not be doing anything that should be sideways at this moment just because it has been for a few days. I believe that we should be something that is a bit of a big deal, the ups and downs are constant and that is why I believe that we should be careful about the current situation since it could do anything.

[jrrsparkles]

Assuming that we are still in the bear market of this cycle I expect the prices to go lower further, which may happen in the next few days or months. But the sideways is good for day traders if they are good at making their technical analysis while for short and long term traders its kind of risky days as mentioned we never know in what direction the price will move but the only thing I can suggest is expecting the unexpected movements.