When $65800, bitcoin did not get to $65000 again

[ajiz138]

Not showing strong selling, but strong buying as the price of bitcoin continues to crawl now, it is not impossible at the end of the month to $70K? That could be for sure after a lot of positive sentiment towards the market.

Actually I don't know what the OP meant. When the price has passed $66K will it not break again then what to expect? How did you go about buying or seeing the market reaction so quickly recovering?

Make sure you keep buying.

[philipma1957]

we passed 66 k so op should close 🧵

[Nrcewker]

we passed 66 k so op should close 🧵

I think the price will go till 70k USD this time. Then, after hitting the 70k USD mark, we might see a major correction in the price. So for the short-term gain, yes, we can make some good profits through future trading with the Bitcoin USDT pair. I don’t trade, hence I will follow the OG way of DCAing. I am continuously buying small amounts of Bitcoins regularly but will buy a large amount once Bitcoins fall to the 52k USD range. Next year it might get big, hence we need to stack as many Bitcoins as we can.

[Zigabel]

It's just a correct after a stretch, Bitcoin is going to get bas the $64k mark soonest just keep your eyes on the chart and don't be Hasty about decisions or conclusions as to what you think is the direction of the chart or the market a sit may change due to the preceding factors that I think you have not really considered enough.

[LUCKMCFLY]

There is wait, it is noticeable that it is going with a lot of desire, As I see that the volume is very good, this volume according to Binance, looking at it from every point of view, has all the pitna to continue falling and the whales that are making it go up are waiting to see how it reacts at this value, the supply is there, and the demand almost at the same level but it has not dropped suddenly, it means that they can give another push at least so that they can reach about $65k and go through there to see how it is shared at that limit, also many analyzes say that it can reach $80k, it is time to wait, but it is going on a very good path.

[STT]

Still 66k and it looks to be strong action, recent low was the 2 day average and its rising consistently with good momentum.  If you want a minimum level to watch that is still very active, I'd call out 4hr bars for a good measure.   6 of them every day, enough to spread across the world and describe the sentiment on multiple continents.


I used to watch 1 minute bars when I was first actively looking at markets every day and unfortunately this will only send you spinning in circles chasing your own tail looking for a conclusion.   Its very hard to do, much easier is the higher time frames which also have more volume behind them and aren't as easily overwhelmed on every turn.
   Only notable negative I can spot for now especially, besides that we remain range bound is the 200 day moving average is in decline though not severe it would lend credence to BTC taking its time to truly turn fully positive and get those higher prices.   Also ideally Dollar Index would be below 100 and its rejected trading below that level, thats a longer term deal but also Im not fully confident till everything aligns never a singular perspective.

[JeffBrad12]

If you are investing into Bitcoin for a long term, then you should not worry so much about the price, all you need do is to set a target price which you would sell. You can just be watching the market but always know that your desired price will be reached.

small time frame candle like 1m, 15m and so on is just exist to mislead people . honestly their primary usage is for the future contracts speculators.
it just gives anxiety nothing more, if anyone are investing in BTC, just look at 1d candle, it's where you want to speculate.

price retracement is completely normal, the only thing that should be our concern is price trajectory towards ATH.

[jcojci]

What a nice increase

After stay at a low price, this time Bitcoin jump to $66,865. It is a smooth increases. We are not expected to see an increase but it is happen. The next target will be reach so you don't have to worry and enjoy the ride.

But I feels it is strange because Bitcoin price increase but many altcoin is in red and down. I hope it is a wrong feeling and no bad thing happen in the market.

After all, I am enjoy of what happen to Bitcoin now where more than $70k of the price will be reach.

[philipma1957]

What a nice increase

After stay at a low price, this time Bitcoin jump to $66,865. It is a smooth increases. We are not expected to see an increase but it is happen. The next target will be reach so you don't have to worry and enjoy the ride.

But I feels it is strange because Bitcoin price increase but many altcoin is in red and down. I hope it is a wrong feeling and no bad thing happen in the market.

After all, I am enjoy of what happen to Bitcoin now where more than $70k of the price will be reach.

67.2k which I like but

it would be nice to see 75.5k by Sunday

[bitterguy28]

It got to $64800 and started falling again. But this is 15 minutes sticks which does not yet represent a strong sell

Just look at the market now and you will see whats going on and what will be coming

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

Bitcoin Hits 67k recently and how much are we looking just this month? I believe that 70k  will be breaking again , and I will not stop looking to how much  it will be taking  .

[cryptoWODL]

If you are investing into Bitcoin for a long term, then you should not worry so much about the price, all you need do is to set a target price which you would sell. You can just be watching the market but always know that your desired price will be reached.

Yes that's right if one invests in Bitcoin for long term then one should not worry about its price. But there is a tendency among investors to constantly monitor the market. By constantly monitoring the market, we see the candlesticks of rising and falling Bitcoin prices. As a result, if the price of Bitcoin goes up, it becomes comforting for us, and if the price of Bitcoin goes down, it makes us anxious.

We went through a dumping period in the Bitcoin market for more than a week from the end of September to October, which may not have been a comfortable time for investors, but now the price of Bitcoin has started to rise again. Breaking the record of several months ago and the price of Bitcoin is currently hit $66,940 dollars. However, it touched a high of $67,950 yesterday.


OP you should lock the thread right now because the price you mentioned has already been crossed by the rise in bitcoin price.  

[PremiumcryptoHub]

Similar to the previous years, this year also Bitcoin price started increasing in the month of October which means Uptober has already started. Bitcoin rose to touch almost $68,000 last night. Again suddenly the price of Bitcoin fell and it touched 65 thousand dollars.

Right now the market is bullish again and we may see it touch $70k very soon.

[aoluain]

I'm wondering what this thread is about and the OP's 2 line post which is obsolete now that we
have crossed $67k?

[Dr.Bitcoin_Strange]

If you are investing into Bitcoin for a long term, then you should not worry so much about the price, all you need do is to set a target price which you would sell. You can just be watching the market but always know that your desired price will be reached.

small time frame candle like 1m, 15m and so on is just exist to mislead people . honestly their primary usage is for the future contracts speculators.
it just gives anxiety nothing more, if anyone are investing in BTC, just look at 1d candle, it's where you want to speculate.

price retracement is completely normal, the only thing that should be our concern is price trajectory towards ATH.

You are right, short time candle of those range you mentioned is mostly used by short term traders like the day traders, while long term traders use even the previous trends to predict the future price of Bitcoin. Anyone who is even investing into Bitcoin for the sake of taking profit during bull market does not look at the candle.

[Natalim]

I'm wondering what this thread is about and the OP's 2 line post which is obsolete now that we
have crossed $67k?

This becomes really relevant if Bitcoin doesn’t drop below $65k again. I mean, the bull run is in full swing now, but before hitting this price, Bitcoin dipped a bit. Now, it seems unstoppable, already trading at $68k. If this bullish trend keeps pushing and hits a new ATH, we can expect a massive bull run to last through the end of the year and into the early months of next year. Looking at past trends, especially during "Uptober," it feels like history is repeating itself.

[JeffBrad12]

Just look at the market now and you will see whats going on and what will be coming

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

Bitcoin Hits 67k recently and how much are we looking just this month? I believe that 70k  will be breaking again , and I will not stop looking to how much  it will be taking  .

I believe it will hit $84k in this year, bitcoin is still going strong despite having reached supply zone.
it seems like BTC breakthrough is imminent from descending channel pattern.

such a good time for people who bought dip, turn out uptober is here for real. the retracement that happened only to liquidate late bull / long position so I expect price to go up again.
the shorter will be sidelined .

[jcojci]

67.2k which I like but

it would be nice to see 75.5k by Sunday

I am sure we will be there. But we must be patient for a while and wait for more.

Now Bitcoin price is at $67,9xx which can be increase to $68k. But as we are now in the weekend, we needs to be careful with the correction as usual. If we can be aware of that, we will see the opportunity to buy back Bitcoin at a low price. But if there will be no correction happen and only makes the price increase for more, that will be good as we can hopes that sooner or later, the price will reach $70k.

[Roseline492]

Just look at the market now and you will see whats going on and what will be coming

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

Bitcoin Hits 67k recently and how much are we looking just this month? I believe that 70k  will be breaking again , and I will not stop looking to how much  it will be taking  .

I believe it will hit $84k in this year, bitcoin is still going strong despite having reached supply zone.
it seems like BTC breakthrough is imminent from descending channel pattern.

such a good time for people who bought dip, turn out uptober is here for real. the retracement that happened only to liquidate late bull / long position so I expect price to go up again.
the shorter will be sidelined .

This chart explains a lot of Bitcoin price movement within this few months remaining, actually I may not be that too well in analysing chart but you are right that the price can hit the position you said because from the charts after the Bitcoin price created the highest low it has never drop below that areas and the lowest low became the support, so the only thing it has been doing is going up a little and drop down close to the support and continue up again by breaking the previous high till it totally break the resistance levels, meaning that the price is set to go higher but however I still believe that after breaking this resistance we should expect a little drop below that previous resistance before it can be a possible confirmation, however that's what I can only say about the whole thing I saw on the chart but those who understand it more can share their views.

[JeffBrad12]

This chart explains a lot of Bitcoin price movement within this few months remaining, actually I may not be that too well in analysing chart but you are right that the price can hit the position you said because from the charts after the Bitcoin price created the highest low it has never drop below that areas and the lowest low became the support, so the only thing it has been doing is going up a little and drop down close to the support and continue up again by breaking the previous high till it totally break the resistance levels, meaning that the price is set to go higher but however I still believe that after breaking this resistance we should expect a little drop below that previous resistance before it can be a possible confirmation, however that's what I can only say about the whole thing I saw on the chart but those who understand it more can share their views.

The buy order in the market is abnormal right now, in bullish market like this, we can only expect small retracement before the market is moving back up again because they buy order is just that many, also there has been rumour going around about whales accumulating BTC again by the billions and some did it over the counter, meaning there is no impact to the exchange but if things keep up eventually the supply of BTC in the market will be going down and as a result, we can easily breakthrough another resistance at the upper level around the supply zone.

things about to go crazy with BTC, as long as there's no bad news that could affect BTC, i expect at the end of year it will hit $84k, then $100k next year. at least we know that bitcoin has broken through from its old chart routine.

[GigaBit]

I'm wondering what this thread is about and the OP's 2 line post which is obsolete now that we
have crossed $67k?

This becomes really relevant if Bitcoin doesn’t drop below $65k again. I mean, the bull run is in full swing now, but before hitting this price, Bitcoin dipped a bit. Now, it seems unstoppable, already trading at $68k. If this bullish trend keeps pushing and hits a new ATH, we can expect a massive bull run to last through the end of the year and into the early months of next year. Looking at past trends, especially during "Uptober," it feels like history is repeating itself.

Although Bitcoin price can fall without any regulation but that is not the trend in recent times. The uptrend is increasing in the market at the moment. We are currently looking at Bitcoin price at $68k even though it is correcting slightly but its price stability in this position means we can come over $70k any time. October is the month when we will see the Bitcoin price rise. The last two months of the year, November and December, are expected to continue rise in bitcoin price. By the end of 2024 or next year we will be able to see the price of Bitcoin $100k or more.