Bitcoin Breakout Alert! 🚀

[Marvell1]

I heard many technical analysts say this a few months ago and before the halving but so far nothing has happened, bitcoin has not been able to make a new ATH and pull the entire market into a bullish period price.

Personally, I think all indicators are for reference only and there are no guarantees, bitcoin is unpredictable. That's why using the DCA strategy is always the best strategy when investing in bitcoin and always take a long-term view when investing in bitcoin. If we could determine the movement of bitcoin using charts and indicators, this market would not have become so harsh and there would not be so many losers.

Bitcoin is still sideways there is also some other technical analysis that they draw that there is a little bit of real confidence it's just that we don't know when the rally will start? Sometimes we get tired of seeing the market still mediocre after reaching $70K but I will still wait until the bullish period comes.

I don't attach much importance to any indicator even though there is actually a little doubt or other belief in the indicator but make no mistake this can help you analyze bitcoin in the future.
Now the DCA focus will be better bitcoin corrected again to $67K take advantage of the moment because after this bitcoin breakout will not be controlled anymore.

There is still no positive movement from bitcoin after hundreds of predictions, thousands of analyzes from analysts based on indices, and charts...and even bitcoin wants to correct to lower areas.

I still maintain the view that bitcoin is unpredictable in the short to medium term no matter what method you use. In the long term, bitcoin has only one trend: up and up, and everyone knows it without relying on any analysis. Bitcoin always increases in the long term and it is almost inevitable.

To me, as long as people continue to make bullish predictions, bitcoin will not increase anytime soon. Bitcoin always creates surprises and often goes against the crowd rather than pleasing the crowd. So my prediction, we won't see bitcoin rally and break its ATH anytime soon  .

[ajiz138]

There is still no positive movement from bitcoin after hundreds of predictions, thousands of analyzes from analysts based on indices, and charts...and even bitcoin wants to correct to lower areas.

Predictions, technical analysis, or other patterns will never be accurate, it's just part of speculation.

I still maintain the view that bitcoin is unpredictable in the short to medium term no matter what method you use. In the long term, bitcoin has only one trend: up and up, and everyone knows it without relying on any analysis. Bitcoin always increases in the long term and it is almost inevitable.

Bitcoin goes up in the long run then by you saying "up and down" it is clear in the cycle we already know bitcoin will always go up for the long term. But don't get me wrong that analysis for the short term or even the medium term is still very much needed, people will not know price movements if they are not analyzed.

To me, as long as people continue to make bullish predictions, bitcoin will not increase anytime soon. Bitcoin always creates surprises and often goes against the crowd rather than pleasing the crowd. So my prediction, we won't see bitcoin rally and break its ATH anytime soon  .

It's time for bitcoin to return to ATH; Halving has been passed just waiting for the right moment where the price will strengthen again, the ETF has been approved this will still refer to the movement of bitcoin.

[Republikcoin.com]

Bitcoin is continuing its uptrend following the Elliott waves pattern. Currently, it's trading within a symmetric triangle pattern, which typically breaks in the direction of the prevailing trend. Get ready for a big move after the breakout

Currently there is still a small correction occurring in Bitcoin, although on the one hand I still hope that Bitcoin can make a big movement in the near future with a trend that is much better than now. The current Bitcoin market wave can still be said to be good and not bad for everyone who still wants to enter and buy more to increase the amount of Bitcoin as their valuable asset. Because the trend of increasing the price of Bitcoin itself is of course still there, although everyone may not know when it will happen again in Bitcoin.

[X-ray]

chart pattern shows exactly that, if it hits $71800 however there might be another bullrun but there's something that we need to be taking into consideration that bitcoin ETF has ended its ETF inflow streak so we gonna need new narrative if we really gonna see some big bullrun in the upcoming future, the altcoin on the other hand with ethereum etf, probably gonna go strong around middle of this year to end of this year.
still i accumulated much of bitcoin and some ordinals just in case also the layer 2 coin like STX and BB since its somehow related to bitcoin, pretty optimistic that we gonna see breakthrough, $72k as its ATH just too weak in my opinion and the market still feels pretty greedy with so many emerging new projects valued at billions and there are many institutional investors still trying to make investment in BTC.

but this is not a guarantee that the market will breakthrough near this time, probably it requires more time for the accumulation zone same as those time where we still below $60k and im just going with the flow waiting for the bottom though i've pretty much spent my entire life saving on when BTC still relatively low anyway but its still worth investing if we were to hit $100k, what can I say, if top influential billionaire figure like jack dorsey projected it gonna turn 1 million then I guess i will try betting on it.

[kentrolla]

This is the time of the year when Bitcoin's price may not follow the strategy or pattern as there are whales trying to pull it down by going against the tide as they would try to accumulate more before the actual bull run because by now Bitcoin should have crossed $73k but it has faced rejection multiple times. I think we just need to keep accumulating through DCA.

[laijsica]

This is the time of the year when Bitcoin's price may not follow the strategy or pattern as there are whales trying to pull it down by going against the tide as they would try to accumulate more before the actual bull run because by now Bitcoin should have crossed $73k but it has faced rejection multiple times. I think we just need to keep accumulating through DCA.

Absolutely right. I also think there may be some whales in the market who are trying their best to take their last bearish position before the bull run. But this is definitely another opportunity for investors running the DCA strategy even those who are ready to invest in a lump sum of bitcoins. DCA is the best strategy as a universal investment medium that is ideal and relatively simple for people of any income. Also prioritizing holdings that accumulate over the years to reach your desired point.

[KingsDen]

This is the time of the year when Bitcoin's price may not follow the strategy or pattern as there are whales trying to pull it down by going against the tide as they would try to accumulate more before the actual bull run because by now Bitcoin should have crossed $73k but it has faced rejection multiple times. I think we just need to keep accumulating through DCA.

Absolutely right. I also think there may be some whales in the market who are trying their best to take their last bearish position before the bull run. But this is definitely another opportunity for investors running the DCA strategy even those who are ready to invest in a lump sum of bitcoins. DCA is the best strategy as a universal investment medium that is ideal and relatively simple for people of any income. Also prioritizing holdings that accumulate over the years to reach your desired point.

The institutions have always been the movers and ordinary traders dare not battle with them, but we have to align with their direction of flow to be relevant.
Talking about the issue of DCA, it is the most reliably proven way to accumulate bitcoin for a long term purposes. When you are sure of the market, strengthen your DCA; when you are not sure of the market continue with DCA, you have nothing much to lose but could gain on the long run.

[Kemarit]

This is the time of the year when Bitcoin's price may not follow the strategy or pattern as there are whales trying to pull it down by going against the tide as they would try to accumulate more before the actual bull run because by now Bitcoin should have crossed $73k but it has faced rejection multiple times. I think we just need to keep accumulating through DCA.

Absolutely right. I also think there may be some whales in the market who are trying their best to take their last bearish position before the bull run. But this is definitely another opportunity for investors running the DCA strategy even those who are ready to invest in a lump sum of bitcoins. DCA is the best strategy as a universal investment medium that is ideal and relatively simple for people of any income. Also prioritizing holdings that accumulate over the years to reach your desired point.

The institutions have always been the movers and ordinary traders dare not battle with them, but we have to align with their direction of flow to be relevant.
Talking about the issue of DCA, it is the most reliably proven way to accumulate bitcoin for a long term purposes. When you are sure of the market, strengthen your DCA; when you are not sure of the market continue with DCA, you have nothing much to lose but could gain on the long run.

I disagree though, I mean if there is going to be the prime mover here, it will be us, retail investors. We might be small, but for sure we have the numbers and we are the one making the market more liquid 24x7x365 days. So we shouldn't underestimate the average joe investors and traders here, IMHO.

For DCA, this practice or strategy has been developed for small traders, because obviously, we can't buy in bulk like those whales. So it just shows that the market is really for us and not that big investors, And we all have been speculating that this investors who have deeper pockets can manipulate the price but we can still swim with them no matter where they are going to go.

[redsun114]

Its attempted upwards but failed once again moving down harder today.  We stayed above 69k for some time which justified optimism but its failed to move past the prior highs of 72k and speculators will drop out if we stall which seems to be the case.

If we can recover past 68k before end of today take it as volatility otherwise it appears we are no longer positive trending in this near term.   66k is 50 day average and I think we'll not surpass that for that moment.

Almost four to five months have passed, and this is the condition of Bitcoin, it is going up, sometimes it is down, but it is not able to touch even $72k or $73k. There is volatility and Bitcoin will go higher by the end of the year it will go to $80k if not $100k but I think if Bitcoin continues like this and further if it goes below $60k then the confidence that people have in it at this time will be reduced. The same thing happened last time when Bitcoin started slightly going lower and in no time it went up to $20k and below.

The crypto market has always been unpredictable and no one can give a 100% prediction and no one can tell shorty which coin will do well or continue to go higher. I advise everyone to always use the DCA method to stay in the market and save something for later and if the market goes up then you don't have to regret it because you have something to benefit from.

[uneng]

Almost four to five months have passed, and this is the condition of Bitcoin, it is going up, sometimes it is down, but it is not able to touch even $72k or $73k.

I've read today Bitcoin can reach 48,000$ next, if the current trends continues downside. At the current point we can't trust anyone anymore, because there are every kinds of predictions available. Nobody knows for sure what is going to happen soon, but I guess the fact Bitcoin is unable to hit a mark above 72,000$ is due to the fact speculators don't let the market thrive.

They are going for short term profits over their investments. They buy considerable sums of Bitcoin and hold for few months only, selling right after for one digit profit percentage. So, at same time they help increasing demand when buying, they completely annul the progress made once they sell off everything. And then we are unable to leave this price zone.

[STT]

61k is the base price for some time, its a totally simple thing to say.   The thing about TA is none of it is certainty, can we say insurance is pointless even despite the uncertainty the product will ever be required.  The only requirement to say TA is valid is its definition of outcomes, margins of probability to events.   Despite the lack of certainty there is a worth to examing past prices and attempting to decipher a trend but it will never hand over certainties on the future.