Sideways huh!

[ethereumhunter]

More sideways, along the weekly average back and forth is typical of the market wearing out both sides of the order book.   Volume builds at this level and it becomes more significant.



So likely the range is 30k and 25k below us and breaking that range leads us to more interesting price action becoming possible.  34200 above is the lows of Jan Feb likely target upside.

Week after this post mate , market is showing some good bunce though 4-7% isn't enough to cover the loses it brings from the months of dumping and if this is going to continue then maybe we will see a 40kish this month alone and since this is the end of 2nd quarter ? then we will be seeing another pump and dump in the next quarter before the last quarter comes.

I don't think bitcoin will be able to get back $40k this month if the price doesn't start to move and break through every price in the $30k-$39k level because that's what bitcoin has to earn to get back to the $40k level. Many people hope that in this 2nd quarter, market conditions will improve again and there will be a lot of pumping that will happen, not only in bitcoin but also in altcoins. But again, this all depends on the movement of bitcoin in the market and if the movement of bitcoin has not found the right time to start increasing, the market situation will not change in a good direction.

[buwaytress]

Then we need to see this month to complete first. But basing on the first week's trend, the sideway pattern will continue. $30,000 is the support and then the resistance is $35,000.

And although if we are going to break $35,000 I wouldn't call this a significant changes, we are indeed in a bearish cycle now and things are not going to be in our favored. So months after months, it's going to be a grind for bitcoin's price to even see some gains.

I don't know man. Barely 2 days is the longest we've spent above $30k and it's 4 days now. Support needs to mean spending 80% at least of the time above it. Even with buyers soaking up all the sell pressure last week they couldn't defend a midweek drop, and we're about to record a TENTH week ending lower.

That's not at all how I understand sideways.

[Silberman]

So $25k-$30 will likely be the range, of course we wanted to see we maintain the upper bound of $30k'ish but we will see.

At least in the last 7 days, bitcoin more than 8%, so that's a significant increased already and the upper bound that you mentioned has been over come. We are now back to $32k, so if anyone has bought it when the price is trading sideways, this could be a great time to check your portfolio and see some growth. So this June might be different, but we shouldn't celebrate yet. Let us wait if we can break into $35k. That will be a huge accomplishment and at least short term the price has rebounded and maybe we can forgot about the Luna effect.

Unfortunately we are once again below the 30k level, right now there is simply no strength in the market, which means that even if we do not like it another small drop could be in order, now I do not think it could be big as I think we are reaching the limits of how low the price can get, but at the same time the lack of demand is still there which means that bitcoin is having a lot of problems to surpass the resistance level at 30k, so 35k seems to be unreachable at the moment.

[milewilda]

So $25k-$30 will likely be the range, of course we wanted to see we maintain the upper bound of $30k'ish but we will see.

At least in the last 7 days, bitcoin more than 8%, so that's a significant increased already and the upper bound that you mentioned has been over come. We are now back to $32k, so if anyone has bought it when the price is trading sideways, this could be a great time to check your portfolio and see some growth. So this June might be different, but we shouldn't celebrate yet. Let us wait if we can break into $35k. That will be a huge accomplishment and at least short term the price has rebounded and maybe we can forgot about the Luna effect.

Unfortunately we are once again below the 30k level, right now there is simply no strength in the market, which means that even if we do not like it another small drop could be in order, now I do not think it could be big as I think we are reaching the limits of how low the price can get, but at the same time the lack of demand is still there which means that bitcoin is having a lot of problems to surpass the resistance level at 30k, so 35k seems to be unreachable at the moment.

Really hard to make out decisions when you dont see anything in terms of fundamentals or strengths for some buys which you cant really put up some good positioning due to uncertainty
on the market condition which is something very casual to happen and there are still people who do easily freak out whenever price do move or behave on this way.
I cant blame them though yet positioning is hard but you could actually make profits out of these movements yet 1-2k increments movement isnt a bad idea for you to scalp.
Somehow it isnt for everybody on doing something like this and thats why outcome would really vary.

[Hypnosis00]

I cant blame them though yet positioning is hard but you could actually make profits out of these movements yet 1-2k increments movement isnt a bad idea for you to scalp.
Somehow it isnt for everybody on doing something like this and thats why outcome would really vary.

It wasn't hard if you are an expert or if you have been doing this many times. Of course, a 1-2k increment is big enough for a smart trader to make a profit but for these newcomers, that is absolutely hard for them, and I don't suggest taking that option either.
Thus, if we are not really good at trading and like to say we are just about to start learning about it, holding is the best option for now. Otherwise, making the chance of losing is high which I believe is not what we want to happen.

[TheGreatPython]

I don't think bitcoin will be able to get back $40k this month if the price doesn't start to move and break through every price in the $30k-$39k level because that's what bitcoin has to earn to get back to the $40k level. Many people hope that in this 2nd quarter, market conditions will improve again and there will be a lot of pumping that will happen, not only in bitcoin but also in altcoins. But again, this all depends on the movement of bitcoin in the market and if the movement of bitcoin has not found the right time to start increasing, the market situation will not change in a good direction.

Every price in that said level. That means bitcoin will need to go to 31k, 32k, 33k up to 39k, without skipping? But I don't think it's possible for btc to follow that strict order. Btc price can sometimes jump unexpectedly i.e from 30k up to over 35k real quick but obviously 40k is expected if the price is near to that level like if btc was now at 38k to 39k.

People doesn't lose hope but every day they hope that price will recover consistently and the bull will take place, much more after the beginning of a new month or every quarter. Now that we are now on the second quarter their hopes are at a whole another level. If this all depends on bitcoin then why can't they just fully support bitcoin, in order to lift other prices?

[btc78]

Lucky that I am taking advantage of this situation and doing almost the same as what OP did ,

 though what made it little difference is that I keep Buying at least every week now, though it is small amount per week at least I know that there is a  changes in each value and that helps me a lot now.

and maybe I will keep this till end of 3rd quarter because surely there is something good coming in the last quarter or at least by December?

[Silberman]

I cant blame them though yet positioning is hard but you could actually make profits out of these movements yet 1-2k increments movement isnt a bad idea for you to scalp.
Somehow it isnt for everybody on doing something like this and thats why outcome would really vary.

It wasn't hard if you are an expert or if you have been doing this many times. Of course, a 1-2k increment is big enough for a smart trader to make a profit but for these newcomers, that is absolutely hard for them, and I don't suggest taking that option either.
Thus, if we are not really good at trading and like to say we are just about to start learning about it, holding is the best option for now. Otherwise, making the chance of losing is high which I believe is not what we want to happen.

Without a doubt thanks to the volatility of bitcoin even the current sideways movement that we are seeing can be more than enough to produce profits, however we need to recognize that compared to what we can get in a bull market those profits are kind of limited, and while for those with experience this is completely natural newbies do not have this experience, and as such they try to force trades or even use leverage, and that is when they accumulate massive losses.

[Rufsilf]

Lucky that I am taking advantage of this situation and doing almost the same as what OP did ,

 though what made it little difference is that I keep Buying at least every week now, though it is small amount per week at least I know that there is a  changes in each value and that helps me a lot now.

and maybe I will keep this till end of 3rd quarter because surely there is something good coming in the last quarter or at least by December?

And sooner, you will get 1 whole Bitcoin because of keeping buying during the bear market.
Many people have been waiting for this moment to come, some might praying for this as they can't afford to buy Bitcoin at $50k. This time was an absolute time to make start on our crypto journey or to fill our bag more.

As an investor, we don't just think about tomorrow instead, we think about the future results. Buying now will results in positive in the coming months or years from now.

[Kasabus]

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.

It's not all the time that bitcoin stays high or low priced in the market, it may also experience sideways which i think those who were able to end up a good market analysis will always have an edge. But i also think this is not the right time to make unnecessary movements in the market as all you need to do is stay calm and observe the market. Wait if the market give signals to buy or trade, that's the time it's safe to move.

[Vaculin]

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.

For now, i think the best thing to do is to observe the market if its going downward trend or the other way around. IMHO, its far seeing a bullish market this early, maybe we can witness that at the last quarter of this year. So i think the market will continue to be bearish and that bitcoin and altcoins will probably experience more bearish movements. So it's best to wait how far this market will go. Only then we can decide what to do.

[Baofeng]

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.

For now, i think the best thing to do is to observe the market if its going downward trend or the other way around. IMHO, its far seeing a bullish market this early, maybe we can witness that at the last quarter of this year. So i think the market will continue to be bearish and that bitcoin and altcoins will probably experience more bearish movements. So it's best to wait how far this market will go. Only then we can decide what to do.

I don't think though that we will have the break out run that we wanted, maybe just a couple of thousands of dollars here and there, but not the one that we wanted to see. I even think that this month, it's going to even break $32k. we are indeed in the bearish trend and there is no amount of positive news that will push the market to get into at least a higher highs for this year. Let's just say we should expect this whole year as a bearish trend and not expect a sudden change to bullish market.

[Oceat]

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.

It's not all the time that bitcoin stays high or low priced in the market, it may also experience sideways which i think those who were able to end up a good market analysis will always have an edge. But i also think this is not the right time to make unnecessary movements in the market as all you need to do is stay calm and observe the market. Wait if the market give signals to buy or trade, that's the time it's safe to move.

You're right, the market has been moving back and forth lately between $29k to $31k and I think that's the indication that someone should buy the dip and sell the pump. Although, we don't know how long it will last moving like this since we are in bear market so maybe there's always a sideways then another dip again until the correction hits. For now, if you are a long term investors, you should not panic whenever there's a price dip and all you need to do is to keep calm and stay away a bit of the market so that you won't get frustrated with how the market moves.

[Mahanton]

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.

For now, i think the best thing to do is to observe the market if its going downward trend or the other way around. IMHO, its far seeing a bullish market this early, maybe we can witness that at the last quarter of this year. So i think the market will continue to be bearish and that bitcoin and altcoins will probably experience more bearish movements. So it's best to wait how far this market will go. Only then we can decide what to do.

I don't think though that we will have the break out run that we wanted, maybe just a couple of thousands of dollars here and there, but not the one that we wanted to see. I even think that this month, it's going to even break $32k. we are indeed in the bearish trend and there is no amount of positive news that will push the market to get into at least a higher highs for this year. Let's just say we should expect this whole year as a bearish trend and not expect a sudden change to bullish market.

32k is really something hard to be break yet the price do make out some rejection whenever the price hits up into this range which we've been having this kind of behavior
for a long time or i do even expect that bear market could really be lasting for a year just like on what happened after 2018 where moving sideways is way too long.
You cant be sure on what would be the next move but much sure that bitcoin or crypto market as a whole would really be having those times of bullish runs.

[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.

For now, i think the best thing to do is to observe the market if its going downward trend or the other way around. IMHO, its far seeing a bullish market this early, maybe we can witness that at the last quarter of this year. So i think the market will continue to be bearish and that bitcoin and altcoins will probably experience more bearish movements. So it's best to wait how far this market will go. Only then we can decide what to do.

I don't think though that we will have the break out run that we wanted, maybe just a couple of thousands of dollars here and there, but not the one that we wanted to see. I even think that this month, it's going to even break $32k. we are indeed in the bearish trend and there is no amount of positive news that will push the market to get into at least a higher highs for this year. Let's just say we should expect this whole year as a bearish trend and not expect a sudden change to bullish market.

32k is really something hard to be break yet the price do make out some rejection whenever the price hits up into this range which we've been having this kind of behavior
for a long time or i do even expect that bear market could really be lasting for a year just like on what happened after 2018 where moving sideways is way too long.
You cant be sure on what would be the next move but much sure that bitcoin or crypto market as a whole would really be having those times of bullish runs.

Also, one thing to note is that after every bear market there used to be a catalyst that spikes up the market which is then followed by a bull run.
So we can keep waiting until there is a huge positive news in the market which triggers the bull run.
Until that moment, we can keep expecting bitcoin to go sideways and may be more downwards if a negative sentiment arises.

[Silberman]

I don't think though that we will have the break out run that we wanted, maybe just a couple of thousands of dollars here and there, but not the one that we wanted to see. I even think that this month, it's going to even break $32k. we are indeed in the bearish trend and there is no amount of positive news that will push the market to get into at least a higher highs for this year. Let's just say we should expect this whole year as a bearish trend and not expect a sudden change to bullish market.

You have a point but it is not as bad as it may seem, the price is suffering yet another small drop at the moment and while many people are panicking as soon as bitcoin begins to go down, things are nowhere near as bad, every single time the price goes down it is an opportunity to get bitcoin for an even cheaper price, and if we can take advantage of the current prices then the next time we experiment a bull market then our profits will be even better than what we could get if we waited to invest in bitcoin until the bull market actually appeared.

[Kopetunto]

Don't be surprised, friends, if the market is sideways! sideways will determine the market,
whether winter will come or not, indeed the market is currently sideways and this really makes traders and investors of course have to stand by because,
if they are negligent, the investment will suffer big losses.

[popeye95]

It's not even a true sideways - crab market but an overall downtrend with some resistance hence you will see short-term of price stabilizing. But yes, overall it will be going down further, breaking the last low price and staying at that range. Like most people in this thread, I don't think it even going back to $40k at this point.

[UmerIdrees]

It's not even a true sideways - crab market but an overall downtrend with some resistance hence you will see short-term of price stabilizing. But yes, overall it will be going down further, breaking the last low price and staying at that range. Like most people in this thread, I don't think it even going back to $40k at this point.

The bitcoin price is not pumping and not even dumping. It's moving sideways with more pressure towards the downside. I do not know how long bitcoin will be able to keep this support before it breaks down. At the moment, everyone's sentiment is bearish and I guess people are shortening bitcoins. How about bitcoin whales move the price upwards towards 40K to surprise everyone and liquidate everyone who is shorting bitcoin. Something unexpected might happen here.

[Wilhelm]

It's not even a true sideways - crab market but an overall downtrend with some resistance hence you will see short-term of price stabilizing. But yes, overall it will be going down further, breaking the last low price and staying at that range. Like most people in this thread, I don't think it even going back to $40k at this point.

The bitcoin price is not pumping and not even dumping. It's moving sideways with more pressure towards the downside. I do not know how long bitcoin will be able to keep this support before it breaks down. At the moment, everyone's sentiment is bearish and I guess people are shortening bitcoins. How about bitcoin whales move the price upwards towards 40K to surprise everyone and liquidate everyone who is shorting bitcoin. Something unexpected might happen here.

It's the tide turning.
Shorting now is a recipe for assimilation.
The whales are shaking out the weak hands before it goes boom...