26k mark finally breached

[Dave1]

What's your pick on this. Will March bring more great feats or a massive dip will be experienced after this pump.

I was very surprised that the price was able to break through the 25k mark so quickly. Last time it looked like 25k is a hard limit to break. Well, now we're scratching at 26k. It's kind of unbelievable how quickly prices have changed in the last few weeks. It is currently difficult to say whether the price can be maintained in the long term. I am and remain skeptical about the current price increase and hope it is not just a brief price flare-up that then quickly dries up. 

This price hike is due to the unstable situation in the world. It is even strange, because of the crisis and the key rate hike all markets have fallen. Now that the collapse has reached the banking system, cryptocurrency is starting to feel good. Hopefully this trend will continue. But I have concerns that this could be a dead cat bounce, although we are above 25k and that is an important level.

It's that the US has started to pump their market, to help their economy and those banks that are in the brink of closing. And with that good news, people are starting to flock on the market again, hence a good pump in the last 48 hours to get the price to $26k++.

But it was just a short rally and as expected, when the price goes above $25k people are selling.

Most likely there could be manipulation or just investors are waiting for $25k to be their selling point.

[Reid]

Then why didn't you buy while the price was lower? I don't why it's always like this, whenever it goes up, "I want it to go back to lower price." What the hell is the matter with us?
The chance was given and not because it goes to a pump mode, we wish for its drop again for selfish reasons. I hope it won't go back down. This should be the new bottom. Make those investors worry about when they will find their new entry point.
I congratulate those who are courageous enough to buy even at a stagnant market or a dump was happening.

[dragonvslinux]

Seems quite significant to me also, good confirmation above resistance hopefully support upto 30 or 34k one trader stated we have a free area of movement once breaking this restriction on us in this area.


We often see a failure to breakout resolve into weakness and selling, well this time its a failure to trade down and hold there which can also produce this move upwards I think is fair to say.    We have to stabilize and confirm the move also imo, a spike up alone is less likely to last but hoping this will be the case.

Looks good to me also. Currently still holding around $24.3K which is previous high Weekly close from August last year as well as last month, but not sure it's going to hold in coming days personally. A pull-back towards $23K accumulation zone wouldn't be the worst thing right now, as long as price can hold the 50 WMA at $23.1K and turn this previous resistance into support. Still a few more days until the weekly close.

Either way a 30% pump within a few days was likely to face selling pressure at resistance, even if only in the short-term. Personally don't think there are many $25K sellers left in the market anymore.

[ethereumhunter]

I don't think investors need to worry about the dips because it is an opportunity to buy more bitcoins and many investors can use that moment to their advantage. They realize that they can buy bitcoin at any price but still wait for the price to decrease, reaching a low price, and then buy it.

We definitely want to buy when the price drops, but the price is not always what we want because the market will always change and we need to adapt. This March might give more hope as the price can return to $24k after waiting in the last month. But we also have to be careful because there is no guarantee that the price will stay at $24k. Meanwhile, the price can move anywhere.

[OgNasty]

I don't think investors need to worry about the dips because it is an opportunity to buy more bitcoins and many investors can use that moment to their advantage. They realize that they can buy bitcoin at any price but still wait for the price to decrease, reaching a low price, and then buy it.

We definitely want to buy when the price drops, but the price is not always what we want because the market will always change and we need to adapt. This March might give more hope as the price can return to $24k after waiting in the last month. But we also have to be careful because there is no guarantee that the price will stay at $24k. Meanwhile, the price can move anywhere.

I agree that long term investors should be buying now. Traders are in for some pain though. The market volatility is going to likely increase now that Bitcoin seems to be bucking the global trend of declining asset values. It’s going to be a battle to continue increasing in price, especially if global economic conditions continue to worsen. So far the performance has been impressive though.

[yhiaali3]

Yes, happy to see 26k$ for the first time in many months, the resistance of 25k$ was very strong, Bitcoin failed to break it several times, but finally it managed to break it.

This is a good sign for the upside, of course, but we need significant volumes and a weekly close for Bitcoin at least above $25,500, in order to maintain this rise.

Everyone is optimistic about this rise, and we hope that the month of March marks the start of the bull season. But it's still too early to give a correct judgment. We have to wait a while.

[Ndabagi01]

Bitcoin finally climbs 26k and it's definitely looking more like a bullish trend now as many new investors were worried from it massive drop from its 25k to around 19k in the month of March. For me am definitely praying for the price to drop more so I can buy as much bitcoin as I can but the dip always scares some investors but I say the dip is a good sign for me make more from the market as buying low and hodling till the prices go up is definitely more yielding.

What's your pick on this. Will March bring more great feats or a massive dip will be experienced after this pump.

Only this month have we seen bitcoin's price rise and fall. The upward movement always brings joy and peace of mind to those who have been holding for a long time, and those who want to buy are always waiting for it to go lower. Crossing the $30K mark before the end of this month is very likely. In these times, day traders should be prepared to take advantage of risk control.

[Nrcewker]

Bitcoin finally climbs 26k and it's definitely looking more like a bullish trend now as many new investors were worried from it massive drop from its 25k to around 19k in the month of March. For me am definitely praying for the price to drop more so I can buy as much bitcoin as I can but the dip always scares some investors but I say the dip is a good sign for me make more from the market as buying low and hodling till the prices go up is definitely more yielding.

What's your pick on this. Will March bring more great feats or a massive dip will be experienced after this pump.

To be honest, 26k isn’t a bad price either. I know you missed the golden chance of buying at 18k usd, but still 26k isn’t a bad price. I mean all of us know, how valuable are Bitcoins. So if you greed for little extra, then definitely you will miss this chance also and BTC will touch the 30k usd price point in a fraction of time. So it’s better to be fast than waiting for more luring opportunity. I am also happy with the price currently. Bitcoins have been showing mixed approach in this whole month. I am guessing Bitcoins will close this month at a price segment of 32k usd almost. Let’s hope for the best.

[erep]

To be honest, 26k isn’t a bad price either. I know you missed the golden chance of buying at 18k usd, but still 26k isn’t a bad price. I mean all of us know, how valuable are Bitcoins. So if you greed for little extra, then definitely you will miss this chance also and BTC will touch the 30k usd price point in a fraction of time. So it’s better to be fast than waiting for more luring opportunity. I am also happy with the price currently. Bitcoins have been showing mixed approach in this whole month. I am guessing Bitcoins will close this month at a price segment of 32k usd almost. Let’s hope for the best.

Before reaching $30k the market has a chance to hold while 22-23k to strengthen support to reach bullish, I think for the 23k price range it is worth adding crypto assets to the portfolio, based on recent price recovery analysis it is very potential the market will recover faster than we expected and I am optimistic that the market will close $30k within this month, the important fact is that the market has recovered from any negative news and the market indicates it will be poised to reach its highest recovery price after the market crash from last year.

[sunsilk]

For me am definitely praying for the price to drop more so I can buy as much bitcoin as I can but the dip always scares some investors but I say the dip is a good sign for me make more from the market as buying low and hodling till the prices go up is definitely more yielding.

Your prayer has been granted.

Coming from the top of $26k for this day, it's now come down to $24,500. And that's not stopping there because I saw it from $24,700 and that's likely the correction is being done.

While your prayer has been granted, it's now time for you to decide whether that will be the prices that you'll buy. Because for me, that's where I'll start DCAing again as very likely that it'll be up again.

Bitcoin is trading at 24.8k, even if bitcoin hits 30k, I still think it is a good price for us to accumulate because compared to the old ATH, and if our target will sell when BTC hits new ATH, it's still cheap. But I have the same expectation as OP, I still prefer bitcoin drop to recovery, simply because the lower the bitcoin price, the more bitcoins we can buy. The Bitcoin drop is actually not as bad as people think it is, it is in fact a good thing. While this is unlikely, I still expect bitcoin to drop to $15k again.

Yeah, anything that's under the price of the past ATH it's still a good price to have it and even more if it drops again to the lowest that has been seen recently.

Long term holders are aware of what can potentially happen to the price of bitcoin when the halving is near to come. That's the reason why no one is selling below these levels because why sell if they know that somewhere in the nearest future the price will be more than that.

It's okay to think that price might go down to that level as everything is possible to happen as it's volatile in nature. But take action when it does.

[milewilda]

To be honest, 26k isn’t a bad price either. I know you missed the golden chance of buying at 18k usd, but still 26k isn’t a bad price. I mean all of us know, how valuable are Bitcoins. So if you greed for little extra, then definitely you will miss this chance also and BTC will touch the 30k usd price point in a fraction of time. So it’s better to be fast than waiting for more luring opportunity. I am also happy with the price currently. Bitcoins have been showing mixed approach in this whole month. I am guessing Bitcoins will close this month at a price segment of 32k usd almost. Let’s hope for the best.

Before reaching $30k the market has a chance to hold while 22-23k to strengthen support to reach bullish, I think for the 23k price range it is worth adding crypto assets to the portfolio, based on recent price recovery analysis it is very potential the market will recover faster than we expected and I am optimistic that the market will close $30k within this month, the important fact is that the market has recovered from any negative news and the market indicates it will be poised to reach its highest recovery price after the market crash from last year.

It seems we would really be staying up with these levels for a while, we've seen on how many times the market is trying out to break that 25k resistance or ceiling but eventually failed up on doing so.
Lots had been happy when it breaks and reaches out $26k+ but it did really correct out once again on where it did really go back on where it was.Well, this is how this market behaves on which it is
really that truly random and there's no way that we could be able to know on where it would be heading.There's no way that we could assure it out despite those indicators had been
showing off on whats the next move.

[ethereumhunter]

I don't think investors need to worry about the dips because it is an opportunity to buy more bitcoins and many investors can use that moment to their advantage. They realize that they can buy bitcoin at any price but still wait for the price to decrease, reaching a low price, and then buy it.

We definitely want to buy when the price drops, but the price is not always what we want because the market will always change and we need to adapt. This March might give more hope as the price can return to $24k after waiting in the last month. But we also have to be careful because there is no guarantee that the price will stay at $24k. Meanwhile, the price can move anywhere.

I agree that long term investors should be buying now. Traders are in for some pain though. The market volatility is going to likely increase now that Bitcoin seems to be bucking the global trend of declining asset values. It’s going to be a battle to continue increasing in price, especially if global economic conditions continue to worsen. So far the performance has been impressive though.

If investors can buy when the price reaches a low price, they will not feel pain in holding their bitcoins because even though the price fluctuates, they can still survive and even buy again at another low price. This also applies to people who invest in bitcoins who don't have much money because by doing so, they can accumulate a decent amount of bitcoins. And they will make a big profit when they sell at the highest price. The uptrend for bitcoin is coming soon and if we don't already have more bitcoins, we won't be able to follow others for those big gains. And now it looks like a correction is coming again but whether it can bring the price down again or will it stay at this price for this week.

[lienfaye]

What's your pick on this. Will March bring more great feats or a massive dip will be experienced after this pump.

Well, I didn't expect the price will break the $26k resistance since for the past few days, Bitcoin experienced a plunged in price down to $19k. Thus, I already expect that we might see another bottom again below $19k due to its movement. But, it happened so fast the price reached $26k value, though it didn't last long.

It's just shows there's more surprising situation that can happen and that includes reaching a value beyond $26k. This is the last month of first quarter so let's see how far the price can go before this month end.

[peter0425]

What's your pick on this. Will March bring more great feats or a massive dip will be experienced after this pump.

March shows strong positioning for Bitcoin as the rise happens and another stagnant above 24k just like what we have in the beginning of this month

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


though we crossed 26k , yet only stayed for an hour before dropping to its price now.


I believe that if we take 30k ? there will be the finalization of strong hold in that level or at least 25k is the maintaining level.

[bounceback]

Bitcoin finally climbs 26k and it's definitely looking more like a bullish trend now as many new investors were worried from it massive drop from its 25k to around 19k in the month of March. For me am definitely praying for the price to drop more so I can buy as much bitcoin as I can but the dip always scares some investors but I say the dip is a good sign for me make more from the market as buying low and hodling till the prices go up is definitely more yielding.

What's your pick on this. Will March bring more great feats or a massive dip will be experienced after this pump.

Every individual who invests in bitcoin, of course, always wants to buy cheap and then sell when the price has gone up, a few days ago the price of bitcoin had risen past the $26k area but unfortunately bitcoin could only stay in that area for a while because some short term investors previously bought $19 k during the last month downturn they decided to sell their bitcoins and secure the profit thereby making the bitcoin price right, I am not saying that at the moment that we are about to enter a bullish trend it could be that this recent upsurge is a bullish trap.

[dezoel]

Usually having this type of insane increase is a good thing to see, but we should be very careful with our hedged bets as well. Do not go into leverages just yet because you saw it go up, spot trading and buying bitcoin right now could be the best thing that you could do because we are talking about a profit that could help you in the long run.

We failed to go over 25k for the longest time and now we are around $24.5k levels, why? Because fiat is getting screwed right now and that is an important part of bitcoin that will help us grow bigger. I personally believe that the best thing to do right now would be holding, wait for it to grow, and you could sell when it goes over the all time high price.

[ANSEL_2.0]

The month ending chart is my main focus right now, I won't sit on the fact that we may never see 20k again if the government comes up with another massive blow to shrink the price of Bitcoin, trust me, it will work, because as we can all see, the crypto market is still reacting to every good and bad news happening around the world thus far, so do not feel comfortable yet.

[darewaller]

I was very surprised that the price was able to break through the 25k mark so quickly. Last time it looked like 25k is a hard limit to break. Well, now we're scratching at 26k. It's kind of unbelievable how quickly prices have changed in the last few weeks. It is currently difficult to say whether the price can be maintained in the long term. I am and remain skeptical about the current price increase and hope it is not just a brief price flare-up that then quickly dries up. 

This price hike is due to the unstable situation in the world. It is even strange, because of the crisis and the key rate hike all markets have fallen. Now that the collapse has reached the banking system, cryptocurrency is starting to feel good. Hopefully this trend will continue. But I have concerns that this could be a dead cat bounce, although we are above 25k and that is an important level.

Indeed it's strange and it's truly surprising because usually when there is a condition like that, all markets would have been dropping hard. The banking system are collapsing and maybe people realize that it's more safer to store money in Bitcoin or in cryptos because they have no central authority and this might be one the reason why their prices are increasing.

Bank runs do also cause a negative effect in the stablecoins here in cryptos and maybe people are fleeing on them, converting their money back on a much trusted crypto. Checking the price right now, it had dropped up to 23.8k levels and slowly recovering toward $25k levels which means this is not a deadcat's bounce.

[michellee]

The month ending chart is my main focus right now, I won't sit on the fact that we may never see 20k again if the government comes up with another massive blow to shrink the price of Bitcoin, trust me, it will work, because as we can all see, the crypto market is still reacting to every good and bad news happening around the world thus far, so do not feel comfortable yet.

Yes, that's true. Everything can still happen. Even the price of bitcoin can return to low prices again. But we can be happy to see another $26k price even though the bitcoin price has another correction after that. This correction is only temporary and will continue after the market gets support. We have to prepare for its arrival because, after this correction, the bitcoin price could jump to a higher price and be above $28k-$30k.

If that happens, we can breathe a sigh of relief because, at the very least, bitcoin could be at half the price of its last ATH price. And all of this is only a matter of time before bitcoin can increase in price again.

[ivankoh]

I was very surprised that the price was able to break through the 25k mark so quickly. Last time it looked like 25k is a hard limit to break.

I'm surprised by this too, bitcoin has 2 times to 25k and failed to break this support, but bitcoin has crossed 25k for the 3rd time and hit the highest 26k recovery since January. Surely bitcoin will  continues to represent the absolute faith we longed for.  There will be volatility from the upcoming macro news but we will almost keep the momentum because of the “absolute faith” in bitcoin.  there may be some volatility to keep the upside momentum under control but bitcoin is almost ready and will continue.