Bitcoin Resisting the below twenty thousand level

[Vaskiy]

bitcoin still resist to cover 20k again and that is what the market says now

https://coinmarketcap.com/currencies/bitcoin/

What I do believe is that the twenty thousand level is the basis price and yes we can see that there are  so much happening nowadays and we will see more of this in the coming days as we are near entering the last quarter season.

Market tries to build the momentum and go above $20k. This has been taking place for a long with bitcoin moving between $19k and $22k. This weekend have started with market full of green. So this can make the changes in the price to the range close to $23k which will be followed by altcoins. For now ethereum is expected to show some good progress.

[AmoreJaz]

And we are still battling the $20,000 support line, since we have this flash crash this week. At least the bulls is trying it's best to protect this price and it now stands at $19,833.

So it will be a uphill battle again, nevertheless it's weekend so not expecting any price movement that will push the price below. The test will be next week again, we will see if we can get to that $20,000 level and hopefully we will maintain it and then hit $22,000 the highest price that we have been so far in the last two months.

we can't for sure know what will happen next in this market. but the sentiments are still positive as people are hoping for the bullish run to come. but for now, it is on you how you will prepare with this unpredictable market. still even if we reach the 22k level, it is still a good time to accumulate more if you are eyeing long term for this coin.

[btc_angela]

And we are still battling the $20,000 support line, since we have this flash crash this week. At least the bulls is trying it's best to protect this price and it now stands at $19,833.

So it will be a uphill battle again, nevertheless it's weekend so not expecting any price movement that will push the price below. The test will be next week again, we will see if we can get to that $20,000 level and hopefully we will maintain it and then hit $22,000 the highest price that we have been so far in the last two months.

we can't for sure know what will happen next in this market. but the sentiments are still positive as people are hoping for the bullish run to come. but for now, it is on you how you will prepare with this unpredictable market. still even if we reach the 22k level, it is still a good time to accumulate more if you are eyeing long term for this coin.

I don't think we should expect or bullish this year, the market has obviously turn into a bearish one, and this is due perhaps to the 4 year cycle that we are all familiar with. $22k will be biggest re-test if we are going to hit it, but it's doable for this year.

We are entering the last quarter of the year and it seems bleak, but as you have said, if we are here for the long term then we might as well take advantage when the price of bitcoin is still at the $20k range. We are all experienced already, and so there's no need to panic sell, in the end, those who have patience in this game will win.

[jaberwock]

And we are still battling the $20,000 support line, since we have this flash crash this week. At least the bulls is trying it's best to protect this price and it now stands at $19,833.

So it will be a uphill battle again, nevertheless it's weekend so not expecting any price movement that will push the price below. The test will be next week again, we will see if we can get to that $20,000 level and hopefully we will maintain it and then hit $22,000 the highest price that we have been so far in the last two months.

I wouldn't call this a battle but $20k for btc is very easy. Just wait because this flash crash is not done yet but once it's over, we can always get to the price that you really wanted. And what is that bulls you are talking about?

I think there are no bulls yet that occurred because bulls for the crypto market could mean that the price is at a higher level, and not on the level that we are commonly seeing. It was only bitcoin alone who is trying to protect its value to not fall on lower levels but other altcoins are doing fine and they are also doing their best to reach more heights before bitcoin catches up on them and overcome their value.

[$anounimus$]

After the incredible rally to the 20,000 dollar level, it is highly recommended how one can predict a market with such uncertainty and volatility. yes, instead of taking precautions to protect ourselves from loss as much as possible. This may sound common, BTC is a safe haven currency that has been favored by many investors around the world, due to its high potential in investments and commodities. Even though it has faced some challenges in its penetration into society but as many financial experts have predicted about its promising future, bitcoin is an asset that you need to invest in now before it gets more value and makes you rich before 2023 from now.

[slaman29]

After the incredible rally to the 20,000 dollar level, it is highly recommended how one can predict a market with such uncertainty and volatility.

*snip*

 bitcoin is an asset that you need to invest in now before it gets more value and makes you rich before 2023 from now.

Incredible rally? From the low so far in 2022 to 20k is maybe only over 11% max rally, that's not incredible when we think how much we've sunk from ATH, or even how much BTC sunk from the CPI, similar percentage, should we also say that was an incredible drop off?

As soon as I read someone saying you'll be rich from bitcoin if you buy it before it gets more value, I know that person immediately doesn't even buy bitcoin and probably speculates on altcoins.

[Swordsoffreedom]

And we are still battling the $20,000 support line, since we have this flash crash this week. At least the bulls is trying it's best to protect this price and it now stands at $19,833.

So it will be a uphill battle again, nevertheless it's weekend so not expecting any price movement that will push the price below. The test will be next week again, we will see if we can get to that $20,000 level and hopefully we will maintain it and then hit $22,000 the highest price that we have been so far in the last two months.

Yes, we're on the weekend so there won't be much volatility. However, next week, we will have a big test coming up when the Fed will hold its meeting on September 20, and 21, and we will see how it goes. This will be the last test of September, I hope the results will not be too bad for bitcoin as well as financial markets. If we can't hold the $20k support then I think we will have a new bottom for this bear season. No matter what the outcome of next week will be, just don't panic, fight to the end we will still be the winner.

[maydna]

I don't think we should expect or bullish this year, the market has obviously turn into a bearish one, and this is due perhaps to the 4 year cycle that we are all familiar with. $22k will be biggest re-test if we are going to hit it, but it's doable for this year.

We are entering the last quarter of the year and it seems bleak, but as you have said, if we are here for the long term then we might as well take advantage when the price of bitcoin is still at the $20k range. We are all experienced already, and so there's no need to panic sell, in the end, those who have patience in this game will win.

Maybe not as big bullish as last year but maybe a gradual price increase. And if that's the case, we can be a little happy because our chance to earn bigger profits will come. And we still have about 3 months before the end of the year arrives.

But if the bitcoin price doesn't jump too high by the end of this year, we can only follow it and hope that we can still make a profit, even if it's not much. In the last quarter of this year, many possibilities can happen so we must be more patient and keep waiting while preparing ourselves for the arrival of the bull market.

[Jating]

And we are still battling the $20,000 support line, since we have this flash crash this week. At least the bulls is trying it's best to protect this price and it now stands at $19,833.

So it will be a uphill battle again, nevertheless it's weekend so not expecting any price movement that will push the price below. The test will be next week again, we will see if we can get to that $20,000 level and hopefully we will maintain it and then hit $22,000 the highest price that we have been so far in the last two months.

Yes, we're on the weekend so there won't be much volatility. However, next week, we will have a big test coming up when the Fed will hold its meeting on September 20, and 21, and we will see how it goes. This will be the last test of September, I hope the results will not be too bad for bitcoin as well as financial markets. If we can't hold the $20k support then I think we will have a new bottom for this bear season. No matter what the outcome of next week will be, just don't panic, fight to the end we will still be the winner.

I don't think we need to wait for that day, as the market plunges below $19k now. And even if we believed that there is no movement in weekends, there are a lot of sellers putting a big pressure and so the $20k support line has been broken.

Of course there is no need to panic, on the contrary, it might be good to buying, if the price remain at $18k or even goes down again because of the Fed meeting and the speed on how they raise the rate hike and how big is it against their projection this month. Also, there is the CME future contracts that are also going to expire in the next couple of days, so I'm expecting the price to tumble again.

[darkangel11]

Really strange to see it struggling with 20k so much and at the same time being extremely oversold.
They pumped the dollar like never before and it's scarring people away from investing, which actually is great if you know what you're buying and are ready to hold for a year or more.

We'll probably see one last move to a new low, maybe 17k? and then we'll see who's the believers are.

[kotajikikox]

bitcoin still resist to cover 20k again and that is what the market says now

https://coinmarketcap.com/currencies/bitcoin/

What I do believe is that the twenty thousand level is the basis price and yes we can see that there are  so much happening nowadays and we will see more of this in the coming days as we are near entering the last quarter season.

Market tries to build the momentum and go above $20k. This has been taking place for a long with bitcoin moving between $19k and $22k. This weekend have started with market full of green. So this can make the changes in the price to the range close to $23k which will be followed by altcoins. For now ethereum is expected to show some good progress.

but that only last till last night  , because now? we are down by 13% and still decreasing I'm afraid if this will stay longer because it looks like the bear starts covering again and there will be more lowering coming from today.

There are some thread created to be 10k-15k price , so lets see when this come to fall.

[bitterguy28]

A lot of speculation has been ditched out in the last 48 hours since Bitcoin battled to retain the 20 thousand dollars price even though some expect has predicted a more bearish market in the next month, and some others are of the view that the 20 thousand dollars price is the bearest minimum Bitcoin could fall back to.

there is no such thing as Bearest mate , or the lowest ? nope we have seen 17k recently so how would you expect that 20k to be the lowest when we are far from the so called Bull year in which 2024-2025 to be expected?

At the moment Bitcoin is at a decisive level to either level up or pull back below the 20k dollars level, in the next coming day Bitcoin price will witnesses a lot of volatility we should be prepared for that and make a lot of speculation that can help analyze the market and it grows.

for now staying at 20k is not an assurance because any moment it will full back or go up who should know?

I am not here to expect bigger instead what i wanna see is a strong positioning of Bitcoin.