Bitcoin market trends

[Zigabel]

Will the price of Bitcoin continue to fall? Where will the resistance point be? I am worried.

The price of bitcoin is such that you cannot say will be exactly at a point for too long but within a period of time, but at some point you can be sure that they price of bitcoin can be at a certain level, but in recent time, we have been anticipating a bull run and i think that may be responsible for the downward movement of the price of bitcoin because it may be trying to make corrections as possible after which it will then then gather the momentum with which it will make the upward movement.

The most recent resistance has been at the $50k, that has been the lowest it has gotten in recent time and it has been upward ever since and have not tried retesting that price again, so that can be said to be its most and strongest resistance but then it may continually go in the upward movement that will bring about the expected Bull run.

[Odusko]

Will the price of Bitcoin continue to fall? Where will the resistance point be? I am worried.

The price of bitcoin is such that you cannot say will be exactly at a point for too long but within a period of time, but at some point you can be sure that they price of bitcoin can be at a certain level, but in recent time, we have been anticipating a bull run and i think that may be responsible for the downward movement of the price of bitcoin because it may be trying to make corrections as possible after which it will then then gather the momentum with which it will make the upward movement.

The most recent resistance has been at the $50k, that has been the lowest it has gotten in recent time and it has been upward ever since and have not tried retesting that price again, so that can be said to be its most and strongest resistance but then it may continually go in the upward movement that will bring about the expected Bull run.

We often say the price of bitcoin is unpredictable, which is true but we shouldn't forgot the potential of bitcoin long term profiting which is somewhat predictable, so for that we can say that bitcoin short term price speculations is unpredictable but then the long terms base for bitcoin also stance out since there is track record of how the asset have acted on the long term base and how the value of bitcoin have grown over the time.current bitcoin market conditions is another discounted level for all to take advantage of to stock up their bags.
I know that those that sold they bitcoin at 70k or above will be buying back by now and this is Indeed a great opportunity for them since no one expected bitcoin to dive down below 60k to the point of reaching below 55k at the moment.

[EarnOnVictor]

Will the price of Bitcoin continue to fall? Where will the resistance point be? I am worried.

Bitcoin is an asset, so we should get prepared for some worst and best situations, that's how any market behaves. What the coin did in the past few weeks is not without some warnings and it was aggravated by the recession fear in the US. This is not peculiar to Bitcoin but all the risk-on assets, while the risk-off assets like the USD took the rise for it despite the recession being at the detriment of the US itself.

As Bitcoin is right now, all roads still lead south and this might linger because the 1D, 1W and 1M charts are all bearish and are trying as much as possible to also maintain some bearish price action. This coupled with all strategies I know shows a negative signal to buttress how strong the bearish bias is at this time.

Also, the asset breaching below the 1D MarginTrend support at $64,673 is another reason that the sellers are dominating. It takes it to move above the level before I will take any bullish attempt seriously on the Bitcoin chart. However, if the market continues like this, it may target $48,864 over time, and a clear break of the level will send a strong signal that the psychological level of $40,000 is no longer safe.

[Fundamentals Of]

Bitcoin's price never continues to fall. It has always been rise and fall. That has always been the pattern. You have to remember that. That's why when the price of Bitcoin falls, it is not really a sad thing because that's an opportunity for buying at a cheaper price. It can't be falling all the time. Sooner or later the price will recover.

In a week's time, the price of Bitcoin fell from $69,000 to $49,000. This was probably what made you worried. If you sold at that point instead of buying, then you're missing the opportunity. If you bought, then you already have made a good profit because Bitcoin has quickly recovered, reached $57,000 in 2 days.

[JeffBrad12]

biggest resistance always around $50k because that's where the price has bounced off quite many times and just refuse to go down.

since there's ongoing rumour about some japanese company taking a loan to buy BTC and also Microstrategy trying to buy another 2 billions worth of BTC I think the price will never touch below $50k but since the price has touched below $50k one time even though for a short brief period, it still opens up the possibility of a deeper dumps.

if you happen to open up a short or long position this time around, just be sure to use stop loss feature, otherwise you will be in predicament if market shakes again.

[tygeade]

biggest resistance always around $50k because that's where the price has bounced off quite many times and just refuse to go down.

since there's ongoing rumour about some japanese company taking a loan to buy BTC and also Microstrategy trying to buy another 2 billions worth of BTC I think the price will never touch below $50k but since the price has touched below $50k one time even though for a short brief period, it still opens up the possibility of a deeper dumps.

if you happen to open up a short or long position this time around, just be sure to use stop loss feature, otherwise you will be in predicament if market shakes again.

I do agree that it will probably not go any lower than that, it's quite common to expect the price to go up after getting close to 50k, that's how it has been and that's how it will be. I know that it looks like it is not going to be that easy to handle, but I believe that we are going to end up with something that will take a while.

What we need to consider right now is that we are going to make sure that the price stands the way it is right now, and because of that I honestly expect the price to be something that will take a bit of a time, and won't be all that easy to handle. We are going to see price bounce from here, go beyond 60k, and even take a look at 70k too, not saying it will go beyond that, but it may get close to it.

[AprilioMP]

Will the price of Bitcoin continue to fall?

It could be that it will continue to decline. It could also not and Bitcoin will fight the downward graph. This means that ups and downs can occur at any time.

Where will the resistance point be? I am worried.

I can't be sure where the resistance point is. All I can say is, don't worry about Bitcoin because Bitcoin in the long run will not disappoint us.
The law of the market, ups and downs are something normal.