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Bitstar_coin
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July 05, 2023, 06:43:37 PM
 #101

Or btc is starting to look more like a stablecoin in 30k range, the price seem to be stuck in 30k range for quite a long time now that it's beginning to be very boring. Market looks stagnant, alts are a complete shit at the moment.
About time we either get pass 30k or get way below it for another push, at last it will create a bit of movement.

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July 05, 2023, 08:59:51 PM
 #102

Or btc is starting to look more like a stablecoin in 30k range, the price seem to be stuck in 30k range for quite a long time now that it's beginning to be very boring. Market looks stagnant, alts are a complete shit at the moment.
About time we either get pass 30k or get way below it for another push, at last it will create a bit of movement.
I think the price above $30K has only lasted for more than two weeks so there is no stablecoin price because currently, bitcoin is still trying to return to the next resistance, I say this will be more of a sideways movement and is still strong enough for the support point below it so that the price continues to hold.
Altcoin is really messed up? I don't see that, precisely when bitcoin is recovering altcoins will follow more of its movements but I think some altcoins still cannot recover properly.
I think bitcoin will pass $30K this month, we will see for the next movement.

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July 05, 2023, 10:17:58 PM
 #103

Or btc is starting to look more like a stablecoin in 30k range, the price seem to be stuck in 30k range for quite a long time now that it's beginning to be very boring. Market looks stagnant, alts are a complete shit at the moment.
About time we either get pass 30k or get way below it for another push, at last it will create a bit of movement.
I think the price above $30K has only lasted for more than two weeks so there is no stablecoin price because currently, bitcoin is still trying to return to the next resistance, I say this will be more of a sideways movement and is still strong enough for the support point below it so that the price continues to hold.
Altcoin is really messed up? I don't see that, precisely when bitcoin is recovering altcoins will follow more of its movements but I think some altcoins still cannot recover properly.
I think bitcoin will pass $30K this month, we will see for the next movement.
This is where situation really hard to predict on whats next. We've been able not to move out or breaking that 31k price ceiling on which on the time that it did raise up on that point, which i did have an impression that

this might be it on the time we would be seeing 35-40k but it seems we would really be needing for more weeks or months on seeing these numbers. We do able to test out this resistance for how many times but turns out that it do really failed out on having that breakout. As of this moment then we are really that playing on this level and sitting and moving sideways which there's no fundamentals around and basing on technicals
we are really that having sideways but there are some upcoming bullish sentiment which it might happen but well this market is truly that unpredictable.

Positioning yourself into the bottom is hard because there are ones who are expecting for 27-28k price.

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July 05, 2023, 11:33:12 PM
 #104

Or btc is starting to look more like a stablecoin in 30k range, the price seem to be stuck in 30k range for quite a long time now that it's beginning to be very boring. Market looks stagnant, alts are a complete shit at the moment.
About time we either get pass 30k or get way below it for another push, at last it will create a bit of movement.

Since we all know it will go up soon I don't see any problem about spending more time on 30's. It gives us an opportunity to accumulate more Bitcoin.
When we consider mining cost I don't see BTC below 30k for long, it would be absurd to expect lower prices. Seems like we already have a new floor price now.

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July 06, 2023, 01:29:16 AM
 #105

Or btc is starting to look more like a stablecoin in 30k range, the price seem to be stuck in 30k range for quite a long time now that it's beginning to be very boring. Market looks stagnant, alts are a complete shit at the moment.
About time we either get pass 30k or get way below it for another push, at last it will create a bit of movement.

Since we all know it will go up soon I don't see any problem about spending more time on 30's. It gives us an opportunity to accumulate more Bitcoin.
When we consider mining cost I don't see BTC below 30k for long, it would be absurd to expect lower prices. Seems like we already have a new floor price now.

That is true, more opportunity to buy at this price, and since this is the biggest test for us and now that we are having a hard time breaking it, for some it's really a issue and it seems that they are not that patience to wait for the price to increase and not take this opportunity.

This is just a test for all of us, and just like bitcoin, we need to be very resilient as well. Because when the time comes that the price has been broken and we made a jump, then maybe we can all get back and says that we should have accumulate when the price is still cheap at $30k.
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July 06, 2023, 08:09:42 AM
 #106

There are two scenarios I'm currently watching out to play in the short term for BTC.
One is the upside scenario where if Bitcoin stays above $31k and gets a weekly closure above this level, it is a precursor that Bitcoin may have a quick run up and establish a new price level towards $35k-$40k before the market takes another breath.

The second scenario is, if Bitcoin fails in its second attempt to break above $31k and eventually breaks or closes weekly below $29k, there is a high chance we will go test $27k-$26k where we broke out from in the coming weeks.

R


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July 06, 2023, 08:30:15 AM
 #107

Or btc is starting to look more like a stablecoin in 30k range, the price seem to be stuck in 30k range for quite a long time now that it's beginning to be very boring. Market looks stagnant, alts are a complete shit at the moment.
About time we either get pass 30k or get way below it for another push, at last it will create a bit of movement.

Since we all know it will go up soon I don't see any problem about spending more time on 30's. It gives us an opportunity to accumulate more Bitcoin.
When we consider mining cost I don't see BTC below 30k for long, it would be absurd to expect lower prices. Seems like we already have a new floor price now.

That is true, more opportunity to buy at this price, and since this is the biggest test for us and now that we are having a hard time breaking it, for some it's really a issue and it seems that they are not that patience to wait for the price to increase and not take this opportunity.

This is just a test for all of us, and just like bitcoin, we need to be very resilient as well. Because when the time comes that the price has been broken and we made a jump, then maybe we can all get back and says that we should have accumulate when the price is still cheap at $30k.

I agree with what you said, it is really possible that our patience may have been tested on whether we will be firm or remain in our belief in Bitcoin. That's why what others said is correct if you don't want to be affected by the news that comes out in the crypto space, it's really good that you only do long-term holdings.

You yourself will give a timeframe for when you will hold the bitcoin, will it be 2-3 years and when it reaches 3 years will you sell it, because of the belief that after 3 years it is possible that it will be more than 100k$ each or more this for sure, because no passing year has decreased its value at present,.


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July 06, 2023, 02:36:19 PM
 #108

It is looking like $30K might be in jeopardy here due to the unexpected strength in the latest jobs report. A lot of negative news seems to be counteracting the recent ETF rally. It seems to me like the government is trying to align things so the ETF approvals will soak up the mtgox coins in an effort to smooth out the highs and lows of the Bitcoin market. We’ll see how the end of the year goes I guess.

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July 06, 2023, 02:45:54 PM
 #109

It is looking like $30K might be in jeopardy here due to the unexpected strength in the latest jobs report. A lot of negative news seems to be counteracting the recent ETF rally. It seems to me like the government is trying to align things so the ETF approvals will soak up the mtgox coins in an effort to smooth out the highs and lows of the Bitcoin market. We’ll see how the end of the year goes I guess.
I think bad news from America will have a short-term impact on bitcoin, just like the rest of the markets. This has happened many times before. Now the price has fallen below 30k again, but I am sure that today or tomorrow or over the weekend it will be higher again. On the contrary, it is good that volatility is back in the market, it means that people are interested in cryptocurrencies.

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uswa56
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July 06, 2023, 03:48:22 PM
 #110

It is looking like $30K might be in jeopardy here due to the unexpected strength in the latest jobs report. A lot of negative news seems to be counteracting the recent ETF rally. It seems to me like the government is trying to align things so the ETF approvals will soak up the mtgox coins in an effort to smooth out the highs and lows of the Bitcoin market. We’ll see how the end of the year goes I guess.
I think bad news from America will have a short-term impact on bitcoin, just like the rest of the markets. This has happened many times before. Now the price has fallen below 30k again, but I am sure that today or tomorrow or over the weekend it will be higher again. On the contrary, it is good that volatility is back in the market, it means that people are interested in cryptocurrencies.
If you look at what has happened throughout the year, this is indeed the case, there have been many corrections but everything will recover and the price has always been holding for a long time around the price of 30k.
Despite the negative press, I don't think the issue will have much effect anymore, we've seen a lot of those issues throughout the year but Bitcoin prices tend to last longer on positive prices than corrections have occurred.
TravelMug
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July 08, 2023, 07:29:19 AM
 #111

It is looking like $30K might be in jeopardy here due to the unexpected strength in the latest jobs report. A lot of negative news seems to be counteracting the recent ETF rally. It seems to me like the government is trying to align things so the ETF approvals will soak up the mtgox coins in an effort to smooth out the highs and lows of the Bitcoin market. We’ll see how the end of the year goes I guess.

In short they are trying to jeopardized what we have been enjoying for now. Hopefully though, investors are really that smart not to get affected by this news specially the Mt. Gox because admit it or not, it has been haunting us for years and years now and yet it is still has some effect to us.

I think it's better to look for short term effect, at least at the end of the year and see how the price will be.

It could be better way off around at $40k-$50k.

R


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