STAGNATION OF BITCOIN PRICE FOR WEEKS

[lewisrafael40]

When governments try to put a leash on cryptocurrencies, it's like trying to hold back a tidal wave with a bucket. People will always find a way to embrace digital assets as a hedge against traditional systems. It's time to ride the wave, my friends!

[Silberman]

When governments try to put a leash on cryptocurrencies, it's like trying to hold back a tidal wave with a bucket. People will always find a way to embrace digital assets as a hedge against traditional systems. It's time to ride the wave, my friends!

Bitcoin was designed by Satoshi to be censorship resistant, this is why it is decentralized, if it was centralized you can be sure the governments would have destroyed it already or they will be on their way to do so, as it was the case of other currencies that were created independently but that were centralized, so if governments want to try to regulate or forbid bitcoin they can try if they want, however if their regulations are too strict you can be sure that a great deal of the people will simply not care about their regulations and keep using bitcoin as usual.

[teosanru]

Bitcoin's price holds steady near $27,000 as investors consider debt ceiling developments. CoinDesk's former head of research writes that with much government efforts in such large, emerging countries as PAKISTAN and NIGERIA to curb crypto activity, citizens there seem to be turning to digital assets as a hedge.
The most valuable cryptocurrency in terms of market value (BTC) was currently trading at around $26,866, up 0.4%. According to CoinDesk data, BTC has been trading between $26,500 and $27,500 for nearly two weeks due to macroeconomic uncertainty. Crypto traders are uncertain as to how Bitcoin will behave over the next few days, weeks or even months.
The probability of default is quite low, but if it does, it might feel like a blow to risk appetite, sending cryptos sharply lower.
Bitcoin is content to trade towards the bottom of its previous trading range of $26,500 to $30,000.
Currently it's trading at $26,784.00.
Invest what you can afford to lose, it's good to hodl BTC if you can afford to lose what you intend to invest or what you invested 🌝

The last line is pretty much correct. Only invest in BTC the amount you can afford to lose, if you'll invest amount more than that the market fluctuations will always keep your head stuck in this mess. Even though it's too low right now from the all time high, so obviously it'll move high in coming months, yet if it falls even 50% from current point before moving up you'll hastily take a wrong decision and end up losing money.

[milewilda]

Bitcoin's price holds steady near $27,000 as investors consider debt ceiling developments. CoinDesk's former head of research writes that with much government efforts in such large, emerging countries as PAKISTAN and NIGERIA to curb crypto activity, citizens there seem to be turning to digital assets as a hedge.
The most valuable cryptocurrency in terms of market value (BTC) was currently trading at around $26,866, up 0.4%. According to CoinDesk data, BTC has been trading between $26,500 and $27,500 for nearly two weeks due to macroeconomic uncertainty. Crypto traders are uncertain as to how Bitcoin will behave over the next few days, weeks or even months.
The probability of default is quite low, but if it does, it might feel like a blow to risk appetite, sending cryptos sharply lower.
Bitcoin is content to trade towards the bottom of its previous trading range of $26,500 to $30,000.
Currently it's trading at $26,784.00.
Invest what you can afford to lose, it's good to hodl BTC if you can afford to lose what you intend to invest or what you invested 🌝

The last line is pretty much correct. Only invest in BTC the amount you can afford to lose, if you'll invest amount more than that the market fluctuations will always keep your head stuck in this mess. Even though it's too low right now from the all time high, so obviously it'll move high in coming months, yet if it falls even 50% from current point before moving up you'll hastily take a wrong decision and end up losing money.

This is one of the golden rules when you do touch up bitcoin or crypto investment is on which you should only invest on the amount which you can afford to lose or else you would really be bothered on how your assets or coins would really be that so volatile when it comes into its prices. This is why knowledge and learnings is something that you should really know about it first beforehand once you do decide to get involved with this market. Stagnation or somewhat making having that sideways movement on bitcoins price is never new. We had been on this before or on how many times and honestly this is really the hardest time for us to make us some position because you cant really make out some technical analysis into it on where it would be possibly be heading next. This is why on the time that you are unsure of your decisions then it is really better
not to make any position  whether buy or sell decision because you would really might be able to get or make  such mistake but of course we know that we cant really benefit out if we
wont be taking any risks and this is where it would really be depending.

[Yatsan]

The price move sideways in preparation, more likely, to either pump or dump. But I guess the price is more likely to fall this time due to CME Gap around $21k. Once the market price breaks the barrier or resistance around $24.8k, then this may happen. Another thing is if the market would be again manipulated by big investors which could trigger an uprise movement. We can see this with ARPA wherein the price is not falling continuously and is coming back toits peak many times while the market price of Bitcoin is still down. Given that there's no certainty with its possible action, much better is for us to wait until it break aither upper or lower resistance.

[Woodie]

Was listening to some news earlier today and Biden seems to have given his word that there won't be any debt defaults which is good for the US dollar ,but because of uncertainty and the unlike... I get the feeling that we might get capital injected into crypto as investors hedge against the green buck as a way of playing it safe.

Btw the Stagnation of btc price could this be just a mere  consolidation happening just like any other market ??

[AmoreJaz]

The price move sideways in preparation, more likely, to either pump or dump. But I guess the price is more likely to fall this time due to CME Gap around $21k. Once the market price breaks the barrier or resistance around $24.8k, then this may happen. Another thing is if the market would be again manipulated by big investors which could trigger an uprise movement. We can see this with ARPA wherein the price is not falling continuously and is coming back toits peak many times while the market price of Bitcoin is still down. Given that there's no certainty with its possible action, much better is for us to wait until it break aither upper or lower resistance.

the positive thing that i am seeing here is that this is still a good opportunity to collect some satoshis while the price level is not that high. though we don't know when it will go up again, at least the probability of going up is always there. only a matter of time to see it rising again.

[summonerrk]

Bitcoin's price holds steady near $27,000 as investors consider debt ceiling developments. CoinDesk's former head of research writes that with much government efforts in such large, emerging countries as PAKISTAN and NIGERIA to curb crypto activity, citizens there seem to be turning to digital assets as a hedge.
The most valuable cryptocurrency in terms of market value (BTC) was currently trading at around $26,866, up 0.4%. According to CoinDesk data, BTC has been trading between $26,500 and $27,500 for nearly two weeks due to macroeconomic uncertainty. Crypto traders are uncertain as to how Bitcoin will behave over the next few days, weeks or even months.
The probability of default is quite low, but if it does, it might feel like a blow to risk appetite, sending cryptos sharply lower.
Bitcoin is content to trade towards the bottom of its previous trading range of $26,500 to $30,000.
Currently it's trading at $26,784.00.
Invest what you can afford to lose, it's good to hodl BTC if you can afford to lose what you intend to invest or what you invested 🌝

The price behaves this way because there comes a moment of uncertainty when no one knows what will happen next with the price. On average, we are locked in 20-30k, for less in 25-30k and so the price can float between these values until JULY. But to be honest, I think it will fall to 20k, because we can't fly up without being at the bottom.

I attached a chart from my tradingview in which I focus on graphical analysis, specifically on resistance support levels.

[kryptqnick]

It hasn't been that long to call is stagnation, IMO. It's just a typical correction, and Bitcoin often stays within small margins (between $18k and $20 or, as now, between $26k and $28k) for a while during the bear market. I don't think that the US will really default on its debt. They always avoid it, even though sometimes they get pretty close. It's only a few days left till June 1, so the concerns will probably resolve soon. Still, that doesn't mean Bitcoin will immediately go up, as there's no causal relation between the two events.

[TheUltraElite]

Let the price remain it will not after a certain time. I would say enjoy the stagnation while it lasts, because this can be a time to decide about assets other than crypto and accumulate them rather than waste time pondering what will happen to bitcoin.

Because the chances are binary - it will either rise or will drop. If it rises wait for it break even and then sell crossing your buying point and if it drops buy more when you feel comfortable.

Keeping your money in more assets gives you the advantage to not get frustrated over one market. You could be focusing on another one while bitcoin makes its move and then you can respond. Dont get anxious about why it is stagnant, it is a game of patience.

[Fivestar4everMVP]

Well, I would still want to believe that the kind of stability in the price of bitcoin currently is another buying opportunity for those who have extra fund/money laying around somewhere with no use for it at the moment and moving forward into the future..
If I have such money right now, I will be buying more bitcoins because I am highly optimistic and confident that the price will jump up when investors least expect it, lets not forget that bitcoin halving is coming up next year, it's an event every bitcoin holder looks forward to, and I believe a bull season is coming again.

[Dr.Bitcoin_Strange]

Bitcoin is content to trade towards the bottom of its previous trading range of $26,500 to $30,000.
Currently it's trading at $26,784.00.
Invest what you can afford to lose, it's good to hodl BTC if you can afford to lose what you intend to invest or what you invested 🌝

You know one thing that gets so funny at times is that after this series of analyzing the market and the economic situation, that's when Bitcoin goes boom 🤯💥, then, there will be some kind of wondering about whether we really know what is making the Bitcoin price spike. It's normal; I have experienced such a situation a few times. But it's really important to analyze the market and let investors know what risks are likely to occur if the market goes different ways. And for "invest what you can afford to lose, it has always been the Bitcoin investment approach for many people, and I think it's extending to newbies more steadily.

[DiMarxist]

The crypto-currency market still follows the demand and supply curves just like most commodities, that's the major  factor, there are other uses of bitcoins that still stand out and provide massive benefits.the chance of successful money saving via crypto in case of inflation is one of the most interesting riddles in the world of cryptocurrencies. This is why we need knowledge and understanding, knowledge and understanding is the first thing that you should really know about cryptocurrency before falling into crypto investment or Bitcoin investments.

[TimeTeller]

The crypto-currency market still follows the demand and supply curves just like most commodities, that's the major  factor, there are other uses of bitcoins that still stand out and provide massive benefits.the chance of successful money saving via crypto in case of inflation is one of the most interesting riddles in the world of cryptocurrencies. This is why we need knowledge and understanding, knowledge and understanding is the first thing that you should really know about cryptocurrency before falling into crypto investment or Bitcoin investments.

Most newcomers are in a hurry to buy some for the hope of getting rich quick.
This is why they don't understand the market behavior of btc. They thought it is quite easy to make profits.
Later on, they will realize, there's more than meets the eyes in this market. And that's when they will start analyzing the market.
So for those who already got the idea, they can slowly buy some using their spare money. There's no rush if you are trying to get a good grasp of this type of investment.

[serjent05]

Bitcoin's price holds steady near $27,000 as investors consider debt ceiling developments. CoinDesk's former head of research writes that with much government efforts in such large, emerging countries as PAKISTAN and NIGERIA to curb crypto activity, citizens there seem to be turning to digital assets as a hedge.
The most valuable cryptocurrency in terms of market value (BTC) was currently trading at around $26,866, up 0.4%. According to CoinDesk data, BTC has been trading between $26,500 and $27,500 for nearly two weeks due to macroeconomic uncertainty. Crypto traders are uncertain as to how Bitcoin will behave over the next few days, weeks or even months.
The probability of default is quite low, but if it does, it might feel like a blow to risk appetite, sending cryptos sharply lower.
Bitcoin is content to trade towards the bottom of its previous trading range of $26,500 to $30,000.
Currently it's trading at $26,784.00.
Invest what you can afford to lose, it's good to hodl BTC if you can afford to lose what you intend to invest or what you invested 🌝

The sideways action of the Bitcoin market simply shows that the transition of the bear market to the bull market is about to happen. I do not think much about your given news since I don't think they have much impact on the Bitcoin market.  I feel like the article is just patching events and forcefully relating them to the Bitcoin market movement.

The crypto-currency market still follows the demand and supply curves just like most commodities, that's the major  factor, there are other uses of bitcoins that still stand out and provide massive benefits.the chance of successful money saving via crypto in case of inflation is one of the most interesting riddles in the world of cryptocurrencies. This is why we need knowledge and understanding, knowledge and understanding is the first thing that you should really know about cryptocurrency before falling into crypto investment or Bitcoin investments.

Most newcomers are in a hurry to buy some for the hope of getting rich quick.
This is why they don't understand the market behavior of btc. They thought it is quite easy to make profits.
Later on, they will realize, there's more than meets the eyes in this market.

For an old timer like the many members of the forum who knows the pattern of the Bitcoin market, I think it wouldn't be hard for them to profit in their Bitcoin investment.  Since the Bitcoin market is cyclical, many members here base their trading strategy on pattern of the price cycle of BTC.

[The Cryptovator]

There have been concerns and allegations circulating about Binance, suggesting that they may have commingled investors' funds with their own revenue. Some argue that this has led to the recent market collapse. However, despite the fear, we haven't witnessed a significant sell-off. It appears that Bitcoin is experiencing its typical fluctuations and is relatively stable at the moment. Nevertheless, it's crucial to approach investments with caution. If we cannot weather the downturns in the market, it becomes challenging to generate profits.

[Captain Corporate]

I feel like this is actually a good thing, why? Because when the price is stable that means you have a lot of time to buy it before it goes up. Its not going to stay like this forever, we all know that it will eventually go up, even if it goes down first that still doesn't change the fact that it will go higher than this one day. If you ever doubt that bitcoin price will ever go up, then get out, get out and sell all your coins and do not buy any. However, if you know more about bitcoin and know that it will be higher than this, then you are aware that it is going to be as good as it gets and we are all going to profit from this as much as we possibly could. Thats the most important thing and should be the main point of this stagnation, just buying as much as we possibly could.

[Kelward]

There have been concerns and allegations circulating about Binance, suggesting that they may have commingled investors' funds with their own revenue. Some argue that this has led to the recent market collapse. However, despite the fear, we haven't witnessed a significant sell-off. It appears that Bitcoin is experiencing its typical fluctuations and is relatively stable at the moment. Nevertheless, it's crucial to approach investments with caution. If we cannot weather the downturns in the market, it becomes challenging to generate profits.

I've always known that in any trading there will always be fluctuations, it's charts moving up and down to favor some while disfavoring others. Something must be the cause, whether internal or external, so if bitcoin is experiencing fluctuations, it is to be expected, it depends on the trader to asses situation and make favorable decisions. So I agree with you that it is important to approach investment with caution, in order to minimize or totally avoid loses.

[AnonBitCoiner]

Bitcoin price is still 27k$ today and I think that this year the prediction of its price is somewhat difficult but we have hope that next year will be a happy life for all bitcoin holders. At the price of 27k$ making investment will be full of advantages as everyone knows well that Bull run is coming soon.

It's important to choose bitcoin before it goes up in coming years so therefore you will easily get profit but I think that if someone has even little profit then remove that profit while other portion being invested should remain there for further success in future.

[Silberman]

I feel like this is actually a good thing, why? Because when the price is stable that means you have a lot of time to buy it before it goes up. Its not going to stay like this forever, we all know that it will eventually go up, even if it goes down first that still doesn't change the fact that it will go higher than this one day. If you ever doubt that bitcoin price will ever go up, then get out, get out and sell all your coins and do not buy any. However, if you know more about bitcoin and know that it will be higher than this, then you are aware that it is going to be as good as it gets and we are all going to profit from this as much as we possibly could. Thats the most important thing and should be the main point of this stagnation, just buying as much as we possibly could.

Exactly, this is the perfect moment to buy as the price is relatively stable compared to what we can see during a bull run or a bear market, and if we think about it a price of 27k is a very good entry price, since I think that at minimum bitcoin is going to reach a price of 100k during the next bull run so we are talking about profits which are close to 300% in just a matter of 18 months, a performance that very few assets are going to be capable of giving in such a short amount of time.