Bitcoin price in a decline phase

[$weetne$$]

BTC in the last minute price in a decline phase due to the resistance at 110k, which is unlikely to be broken before the monthly close, for this reason crypto investors can take their chances.

This is just your opinion and not the way the market will turn out. Not many people believed we are going to be trading at this price by this time. They thought it will take longer into the last quarter of the year before anything noticeable begins to happen. I would not be joining you in this your belief before I use this thought as reason not to invest more. I have plans of putting more money into Bitcoin which will then be a financial mistakes I will be making listening to your advice. Bitcoin price needed the declined phase now because it just had a big move that saw the price passing the last highest price that it set earlier this year. I think the price will kick off again from where it stopped in the coming months and it might just be next month that it starts.

[philipma1957]

BTC in the last minute price in a decline phase due to the resistance at 110k, which is unlikely to be broken before the monthly close, for this reason crypto investors can take their chances.

Your title is corrected.

to all that post copy the corrected title.

[justinlamode]

BTC in the last minute price in a decline phase due to the resistance at 110k, which is unlikely to be broken before the monthly close, for this reason crypto investors can take their chances.

Your title is corrected.

to all that post copy the corrected title.

The correction is necessary to align the post with the general market sentiment of bullish, so thanks for the correction. The way the OP presented his opinion seems more like asking people to take profits which I feel is a wrong advice now. Why should someone take profit at a time when so many institutions and governments are entering into the market? With this correction you made, it becomes clear that it is a time to buy rather than take profits.

[Cointxz]

BTC in the last minute price in a decline phase due to the resistance at 110k, which is unlikely to be broken before the monthly close, for this reason crypto investors can take their chances.

It’s a normal trading scenario. Many will change position in favor to short if the price hits a new ATH since many will take profit as an indication for the shift of the trend.

It will continue that until the price volatility becomes minimal on indecision then create a move again to pump the price.

There’s a high chance to dump rather than pump after hitting a high.

[lionheart78]

BTC in the last minute price in a decline phase due to the resistance at 110k, which is unlikely to be broken before the monthly close, for this reason crypto investors can take their chances.

I won't call it a "decline" because it has just gone down from $110k to about $107k right now, which is not a big difference in bitcoin. It's still within that range. For now, there is no need to panic, instead investors can see it as an opportunity. It can go one of three ways. Either a lot of investors will panic and sell and the price will drop or they will see this as an opportunity and buy. It may also be that $107k will be might be the resistant range and remain there for a while.

This is more like a correction than a decline thing. Most probably people are selling their holdings for profit or to short Bitcoin and watch for the possible dip and buy back again.  In every series of ATH-breaking events in the Bitcoin market, there is always this kind of market movement where after being overpriced will be a correction before breaking its ATH again.   Happens so many times in every cycle so this is somehow normal in the Bitcoin market.

One thing that is certain to me is that we've not seen the peak of the bull season yet. I believe there will be another ATH before the bull run comes to an end so for holders, they don't need to be worried just yet.

True and as I stated, there is always this room for price correction before making another ATH breaking the previous one.

[aylabadia05]

BTC in the last minute price in a decline phase due to the resistance at 110k, which is unlikely to be broken before the monthly close, for this reason crypto investors can take their chances.

$106.4k is the current low recorded in the last 24 hours. For savvy investors, this price drop towards the end of May will be used as an opportunity to buy again. At first glance this is a risk being taken, in fact they are making a long position that could make them profitable as well because of predictions that this decline is the beginning of a return to prices above the current ATH.
A risk that cannot be ascertained when they choose crypto instead of Bitcoin.
*if I'm not mistaken with your point.

[Pandu Geddon]

BTC in the last minute price in a decline phase due to the resistance at 110k, which is unlikely to be broken before the monthly close, for this reason crypto investors can take their chances.

After Bitcoin reached a new ATH at $111k, there was indeed a decline, at least in the one-week movement, Bitcoin is still above $100k. Those who speculate for short term profits may take this risk to enter and be careful with Bitcoin's price movements in the next week. May will soon be closed, I think Bitcoin will still be above $100k. The next momentum hopefully, the pump will occur.

[Republikcoin.com]

BTC in the last minute price in a decline phase due to the resistance at 110k, which is unlikely to be broken before the monthly close, for this reason crypto investors can take their chances.

I do not see this as a risk because the price decline that is still seen today in Bitcoin is a very normal thing before Bitcoin rises again and approaches the price level of $115K. This small price decline in Bitcoin can be considered an opportunity for all investors who like Bitcoin and especially for investors who have not entered to buy Bitcoin for their own investment purposes. Because when investors still have time to buy at a falling price, this can be a wise move because they only need to wait for the Bitcoin price to reverse direction from falling to rising.

[STT]

Your title is corrected.

to all that post copy the corrected title.

I quote you but I have to edit or correct the subject myself.   Its an echo chamber effect

I disagree with OP but I still reckon a possible medium term return to the 50 day average is quite fair estimation of range for BTC this summer.   If we have a projection upwards then the evil twin reflection downwards also has to be estimated in percentage probability.

The 50 day average is rising, this isnt a negative estimate and we aren't in a negative phase.   Not even earlier in this year was that true after we fell from November highs it was still a pullback and necessary to be bullish later.
  So to now on a smaller scale most likely we pull back before later rising properly past ATH and most importantly building volume above the old prices to seal the deal.

We have a lower high on the daily bars and if we close the week like this below 108k thats a low resolving.   We can then meet an uptrend that has been ongoing the last couple months, deal with that and not far apart is both 50 and 200 day averages all rising trends.
   We are pretty unlikely to defeat all that positive momentum, the battle I see might take time in the majority it could soak up the action for this summer.   Frustration for people who were dreaming blue sky open air free movement to higher prices but there's waiting sellers here and there's always some who want their money back.
  Many in a speculative capacity cannot hold on for any longer then a few months before they want or need to retrieve the capital elsewhere.

[el kaka22]

I agree that the price isn't that bad, and it's not getting worse, 108k is great and we are going to see 110k+ happen again. Hell we are above the last ATH price, we only recently broke it and we should be considering that as normal, we shouldn't be getting better price. If we could hold and not sell, we could make a better income for it and should not be worried about it.

If we do a good job then we are going to make some more money from it and we could potentially make some more money by just doing nothing. Only if we all sell at the same time it would crash and that is why it is not going to be all sell at the same time so we should be not worried about it at the moment ,we could do a much better job with time, we just need to wait for it.

[blackberrman]

The price of Bitcoin is not disappointing investors at the moment, the price of Bitcoin is currently 106 thousand, which is going to happen, the price of Bitcoin can increase further, if you want to profit by investing in Bitcoin, you need to be patient and do it in the long term, if you do not sell Bitcoin and hold it according to every move of the market, then it will be possible to make better income, due to the increase in the price of Bitcoin so much, many new investors have entered the market, which will affect the popularity of Bitcoin. We will probably see a big pumping of Bitcoin.

[skarais]

The price of Bitcoin is not disappointing investors at the moment, the price of Bitcoin is currently 106 thousand, which is going to happen, the price of Bitcoin can increase further, if you want to profit by investing in Bitcoin, you need to be patient and do it in the long term, if you do not sell Bitcoin and hold it according to every move of the market, then it will be possible to make better income, due to the increase in the price of Bitcoin so much, many new investors have entered the market, which will affect the popularity of Bitcoin. We will probably see a big pumping of Bitcoin.

Long-term returns are the target of the holders, so they know how to be patient and work out their strategies over time. Long-term holders or investors will accumulate at every opportunity when they think it is time, while they continue to hold and accumulate. This will make them get higher returns even though they buy at varying prices, but they need to be patient.

Bitcoin has so far given decent returns to holders and many long-term investors have made double returns on their investments. While no one can guarantee the future, bitcoin's performance so far has been proven and every holder has indeed made a profit.

[philipma1957]

Your title is corrected.

to all that post copy the corrected title.

I quote you but I have to edit or correct the subject myself.   Its an echo chamber effect

I disagree with OP but I still reckon a possible medium term return to the 50 day average is quite fair estimation of range for BTC this summer.   If we have a projection upwards then the evil twin reflection downwards also has to be estimated in percentage probability.

The 50 day average is rising, this isnt a negative estimate and we aren't in a negative phase.   Not even earlier in this year was that true after we fell from November highs it was still a pullback and necessary to be bullish later.
  So to now on a smaller scale most likely we pull back before later rising properly past ATH and most importantly building volume above the old prices to seal the deal.

We have a lower high on the daily bars and if we close the week like this below 108k thats a low resolving.   We can then meet an uptrend that has been ongoing the last couple months, deal with that and not far apart is both 50 and 200 day averages all rising trends.
   We are pretty unlikely to defeat all that positive momentum, the battle I see might take time in the majority it could soak up the action for this summer.   Frustration for people who were dreaming blue sky open air free movement to higher prices but there's waiting sellers here and there's always some who want their money back.
  Many in a speculative capacity cannot hold on for any longer then a few months before they want or need to retrieve the capital elsewhere.

decline phase is wrong title. a decline phase would be if we are 95 and dropping. we are not 95 and dropping.

we are slotted.

[STT]

I do see a decline but since the incline I had drawn in is only 2 months its not too severe really.   We've broken that regular rally true over that time so it must now resolve the loss of that reliable gain and some traders will sell and a few will even short BTC or have done so already.
  This price action in BTC is fairly normal, wax and wane back and forth not really bigger then that but some weakness is apparent short to medium term is fair to say.

[LogitechMouse]

BTC in the last minute price in a decline phase due to the resistance at 110k, which is unlikely to be broken before the monthly close, for this reason crypto investors can take their chances.

In a healthy market, corrections or in this case, price decline is needed because at some point, Bitcoin holders will sell the Bitcoins that they've been holding for a long time and they want to take profit already.

What happened is that, there's a huge selling wall at around $110,000 and since it broke out of that psychological resistance, many investors believed that it will go as high as $115,000 already since it broke out, and because of that, it many bought Bitcoin causing the prices to go up to as high as $112,000 only to fall down after that, and it went down to as low as $103,000 just a few days ago. TBH, I still expect that Bitcoin could go as low as $97,000 before going up yet again.

I have no idea how the month of June will be TBH, but that's why it's very exciting to invest into cryptocurrency. You don't know what can happen in the succeeding weeks or months.

[maydna]

Bitcoin trying to sustain the price although it is up and down this week. But I am not worry if the price suddenly drop to the lower price because that will my time to buy back. This situation seems sideway because the market is not increase or decrease too much. So we can take a rest for a while and waiting for a time to buy back Bitcoin and continue our DCA.

But we can not predict accurately where Bitcoin will move in the next hours. That is why we must be prepare for anything will happen. Only by that, we can see a chance to take benefit from the current situation.

[G_Besar]

Bitcoin trying to sustain the price although it is up and down this week. But I am not worry if the price suddenly drop to the lower price because that will my time to buy back. This situation seems sideway because the market is not increase or decrease too much. So we can take a rest for a while and waiting for a time to buy back Bitcoin and continue our DCA.

But we can not predict accurately where Bitcoin will move in the next hours. That is why we must be prepare for anything will happen. Only by that, we can see a chance to take benefit from the current situation.

In the last few days there has been no significant price change and I agree with you that in a market like this it is better to wait for the right time to enter, but if we use the DCA strategy to invest, then whatever the current Bitcoin price is, it is still worth it to enter because we also cannot wait too long, we may be left behind if the Bitcoin price soars in a few days, this is something that is difficult to predict and we must be prepared for all possibilities that occur to the Bitcoin price.

[Yaunfitda]

Bitcoin trying to sustain the price although it is up and down this week. But I am not worry if the price suddenly drop to the lower price because that will my time to buy back. This situation seems sideway because the market is not increase or decrease too much. So we can take a rest for a while and waiting for a time to buy back Bitcoin and continue our DCA.

But we can not predict accurately where Bitcoin will move in the next hours. That is why we must be prepare for anything will happen. Only by that, we can see a chance to take benefit from the current situation.

In the last few days there has been no significant price change and I agree with you that in a market like this it is better to wait for the right time to enter, but if we use the DCA strategy to invest, then whatever the current Bitcoin price is, it is still worth it to enter because we also cannot wait too long, we may be left behind if the Bitcoin price soars in a few days, this is something that is difficult to predict and we must be prepared for all possibilities that occur to the Bitcoin price.

It's good to see that there are no significant drop in the price, as we are traversing a new horizon, which is trading sideways. It's good to see that kind of movement though, I mean we can't just go and rise parabolic. There were be times that the price is going to go on a halt as buyers might be exhausted. But that is the nature of Bitcoin movement so we have to accept that fact. And then after that lull we will go on another bull run. So for now, we should take advantage of this calm before the storm again and continue to buy and accumulate. We just need more money and patience still so that in the end, if we see the price along the $150k-$180k all our hardwork and patience will be paid off as we can maximized our profits and of course the financial freedom that comes with it.

[Mahanton]

Your title is corrected.

to all that post copy the corrected title.

I quote you but I have to edit or correct the subject myself.   Its an echo chamber effect

I disagree with OP but I still reckon a possible medium term return to the 50 day average is quite fair estimation of range for BTC this summer.   If we have a projection upwards then the evil twin reflection downwards also has to be estimated in percentage probability.

The 50 day average is rising, this isnt a negative estimate and we aren't in a negative phase.   Not even earlier in this year was that true after we fell from November highs it was still a pullback and necessary to be bullish later.
  So to now on a smaller scale most likely we pull back before later rising properly past ATH and most importantly building volume above the old prices to seal the deal.

We have a lower high on the daily bars and if we close the week like this below 108k thats a low resolving.   We can then meet an uptrend that has been ongoing the last couple months, deal with that and not far apart is both 50 and 200 day averages all rising trends.
   We are pretty unlikely to defeat all that positive momentum, the battle I see might take time in the majority it could soak up the action for this summer.   Frustration for people who were dreaming blue sky open air free movement to higher prices but there's waiting sellers here and there's always some who want their money back.
  Many in a speculative capacity cannot hold on for any longer then a few months before they want or need to retrieve the capital elsewhere.

decline phase is wrong title. a decline phase would be if we are 95 and dropping. we are not 95 and dropping.

we are slotted.

Nah, it would be surely generalized on whatever the price do made out that on decreasing manner then they would be telling it about crash,decline,dump or whatever they would be calling about. For those who had been that dealing up with this market for a while now then it would be just that like a typical day but for those who are just that new that recently dive in because they have read up that Bitcoin headline news about making new all time highs and then immediately bought just because they dont want to missed out then they are the ones who do freak out once this market do make out some correction or rejection specially if it bumped on resistance levels. Just as anticipated that we might be able to see new all time high but it slightly break out that $110 and reached out almost 112k and tons of people already that anticipated that it will be breakign 115k until to 120k without even trying out to think that there's always that correction do happen. There might be those new higher highs and lower lows formation on which if the price wont be going below 100k then thats a good sign that we do have that strong floor. There are even those who do want to see below 100k just because they do want to bag even more with their current holdings. Actually profitability will be basing up on how well you do handle up your position and make utilization into the things about market movement. If you are a holder then these things wont be that a bothersome thing for you since you wont be trying out to deal up with the market on active manner on which comparing into those who do make out some daytrade then it will be that an another story. Profitability will be basing up on how well you do make out such decisions on trying out to make up those buy and sells whether on short term period. For long time holders then it will be that an another story on which its normal that you will be making out adjustments accordingly.

[philipma1957]

So are we now in an up phase?

We are in a slot 89-112

Since December.

And we dropped out of the slot for maybe 6 or 7 days that whole time.

Breakout upwards would be crack 120 and do not drop under 120


Breakout downwards would be under 72k and stay under for a while.