where is BTC heading to?

[STT]

Its heading to 109k for the last 8 weeks or so, some variation but mostly just hanging off that support line for this amount of time.  Its lost the regular uptrend it had but not sold off especially after that, so BTC is strong really and moving averages dont disagree with that with all time frames moving upwards.

[bbc.reporter]

@STT. You might be correct! After the Donald has ordered a ceasefire between Israel and Iran, also creating peace in the middle east, the fear that bitcoin might dump appears to have been forgotten by the market heheheh.

However, according to this article, there were investors that did not feel the fear.



Bitcoin ETF investors aren’t flinching amid conflict in the Middle East, says analyst

Missiles are flying. Markets are jittery. Bitcoin ETFs? Still stacking.

As tensions flared between Israel, Iran, and the US over the past two weeks, Bitcoin exchange-traded funds notched 10 consecutive days of inflows, according to data from Ecoinometrics.

That’s not a record-breaking streak. But it’s telling, analysts say.

“Institutional demand for Bitcoin doesn’t flinch easily,” Ecoinometrics said on X on Wednesday.

Read in full https://www.dlnews.com/articles/markets/bitcoin-etfs-continue-growth-despite-middle-east-tensions/

[maydna]

Its heading to 109k for the last 8 weeks or so, some variation but mostly just hanging off that support line for this amount of time.  Its lost the regular uptrend it had but not sold off especially after that, so BTC is strong really and moving averages dont disagree with that with all time frames moving upwards.

Hopefully, we will soon see an increasing to the high price. The price now moves good and we need to be patient because still, no one will know later. The market start to green again after the red so the investors can rise their head up and not panic like before.

Bitcoin price will stronger time to time so there is nothing to worry. My view on this is just wait and see but I still accumulating Bitcoin without think much about the market.

I believe the market will be normal and the price will have a chance to break the last ATH. Until that time, we can do other things and focus on it. Let the bull run come soon.

[peter0425]

At this point, IMO I feel BTC is heading to 92k or lower from my view of how weekly TF is, but I'll expect a pullback to either 105k or 104k before going to 92k. We might get to 86k, but I can't say for that now till we get to 92k first. what is your View on BTC?

You don’t need to pay attention to short-term fluctuations unless you're a professional trader.

If you're just an ordinary person trying to protect your savings from the silent theft of fiat currency inflation, there’s no need to constantly follow what's happening.

They could be a trader. But for those who aren't, we do not need to assess weekly fluctuations especially during times like this where the world is in chaos. With wars and everything. All I know is, bitcoin could be reaching a new ath before this year ends and that is what I am looking forward to.

[aylabadia05]

<snip>

Haven't heard that term for a long time, before, we will always hear specially newbies who says "to the moon". I guess investors are now very intelligent that it will take a lot of time to see Bitcoin investing as a profitable to "buy a lambo". But in this bull run, there is only going up and increase I will say. We all know that in the last quarter of the year, there could be a big increase in price as we are all looking in the range of $150k-$180k. But for now, with all the noises in the background like the war in the Middle East, it might take some time to progress and develop that price to that level. But then again, we have matured already as a investor that we know we should have a lot of patience in this kind of patterns. And so we will have to take advantage and then DCA again.

Whatever it is, whatever it is called and whatever the reason is and even if you want to buy a mountain, that's your right.
Often the question arises of where Bitcoin is going in this space when the point of such questions is only to show that they exist. After questioning, they disappear. But that's not what we want to discuss

This year will be a good opportunity for holders who have been waiting for a new high price for a long time. I mean, if the new ATH is broken this year, then pre-investors can play a new pattern, at least sell to usdt and later can buy again when the price starts to decline. DCA is still and will be a good pattern.

[Pandu Geddon]

At this point, IMO I feel BTC is heading to 92k or lower from my view of how weekly TF is, but I'll expect a pullback to either 105k or 104k before going to 92k. We might get to 86k, but I can't say for that now till we get to 92k first. what is your View on BTC?

Many are worried that Bitcoin will experience a major decline if a war occurs for a long time. Maybe the effect does occur because of the war situation that causes panic. But what happens is always different, such as the war situation between Russia and Ukraine. Bitcoin is still strengthening. And now the war situation between Iran and Israel is of concern to many people, including Bitcoin holders. A decline occurred, but Bitcoin increased again.

[Btcdeybodi]

You don’t need to pay attention to short-term fluctuations unless you're a professional trader.

If you're just an ordinary person trying to protect your savings from the silent theft of fiat currency inflation, there’s no need to constantly follow what's happening.

When you have extra fiat money that you want to preserve long-term, simply convert it into Bitcoin and move on with your life.

Fiat currencies have no bottom they will always keep losing value.

Bitcoin, on the other hand, has no top.

Even as a professional trader, there is no point trading your bitcoins due to short-term volatility, how much will you even makes as profits?

It is a good idea to convert your Fiat currency that you intended to save for a long term to bitcoins in order to save it from inflation which has been affecting Fiat currencies but you still need to keep some Fiats in case of emergency needs so that you don't sell part of your bitcoins to sort that emergency situation.

It's true that Fiat currencies have no bottom but it doesn't mean that you should not keep part of your money in Fiats while still hodling bitcoins. Bitcoin has no top but yet it is safer than keeping all your money in Fiats currency.

[Hewlet]

At this point, IMO I feel BTC is heading to 92k or lower from my view of how weekly TF is, but I'll expect a pullback to either 105k or 104k before going to 92k. We might get to 86k, but I can't say for that now till we get to 92k first. what is your View on BTC?

Many are worried that Bitcoin will experience a major decline if a war occurs for a long time. Maybe the effect does occur because of the war situation that causes panic. But what happens is always different, such as the war situation between Russia and Ukraine. Bitcoin is still strengthening. And now the war situation between Iran and Israel is of concern to many people, including Bitcoin holders. A decline occurred, but Bitcoin increased again.

from what has happened in the past which is available for us to learn from, regardless of the news about wars and how it was going to cripple the global economy, bitcoin has always recovered and bounce even better than it has always been even in the past. the Russia Ukraine war has come and gone, a lot of economic crisis has equally come and gone and despite the fraction of correction we do experience, the recovery is still the sweetest part of bitcoins volatile movement.

one thing is certain and that is the fact that bitcoin is going up even if it goes down at some point. breaking above the $100k is one achievement that is really worth taking cognizant of and with time, it will continue to go up and never come down bellow it ever again.

[virasog]

Its heading to 109k for the last 8 weeks or so, some variation but mostly just hanging off that support line for this amount of time.  Its lost the regular uptrend it had but not sold off especially after that, so BTC is strong really and moving averages dont disagree with that with all time frames moving upwards.

Bitcoin is very close to its all time high, but I don't think it can reach another all time high without first making an 8 to 10% correction. While we all want that bitcoin surges to new highs without correction but the fact is that if the price moves up in a straight line, that move is not sustainable. It is always better if the price drops a bit before making a new leg up.

For the long term or by the end of this cycle, I think the minimum bitcoin can go is around 130-150K. This is the minimum I am saying, while the maximum target could be in the region of 270-300K bitcoin price.

[bitzizzix]

Its heading to 109k for the last 8 weeks or so, some variation but mostly just hanging off that support line for this amount of time.  Its lost the regular uptrend it had but not sold off especially after that, so BTC is strong really and moving averages dont disagree with that with all time frames moving upwards.

Bitcoin is very close to its all time high, but I don't think it can reach another all time high without first making an 8 to 10% correction. While we all want that bitcoin surges to new highs without correction but the fact is that if the price moves up in a straight line, that move is not sustainable. It is always better if the price drops a bit before making a new leg up.

For the long term or by the end of this cycle, I think the minimum bitcoin can go is around 130-150K. This is the minimum I am saying, while the maximum target could be in the region of 270-300K bitcoin price.

Not only is it very close now, but what happened with the small Bitcoin dip was a healthy correction because there was no significant drop during that small dip. There is no need to worry too much or think too much about the direction of Bitcoin because corrections will always happen due to several factors, but eventually the price will reverse and approach the previous high of Bitcoin, it is very close. I think it will happen in the next few days which will allow the price of Bitcoin to reach a new high and although it is not very significant and the correction is still happening, but Bitcoin is slowly reaching a new high. And $135K-$150K would be more reasonable to happen this year considering we are already near the middle of the year, but anything can happen because it is not easy to predict the direction of Bitcoin accurately, but in the long run it will always be right to reach a significant and fantastic price.

[pawel7777]

The US Dollar is dropping hard. It lost almost 2% against the Euro in the last 5 days, which doesn't sound like much in the crypto world but this is a lot in the fiat terms.
In fact, this is the lowest USD has been since 2021 against the Euro and the British Pound.
But it's hard to say if that has any positive impact on Bitcoin's price. Probably only a little bit, as most purchases are still done in the USD or USD-pegged stablecoins.

But if it keeps dropping, we eventually might see the Bitcoin pumping (in the USD terms), not only because of foreign fiat arbitrage, but because people/institutions will be looking to escape the falling currency into something that can hold (or increase in) value.

[Questat]

Its heading to 109k for the last 8 weeks or so, some variation but mostly just hanging off that support line for this amount of time.  Its lost the regular uptrend it had but not sold off especially after that, so BTC is strong really and moving averages dont disagree with that with all time frames moving upwards.

Bitcoin is very close to its all time high, but I don't think it can reach another all time high without first making an 8 to 10% correction. While we all want that bitcoin surges to new highs without correction but the fact is that if the price moves up in a straight line, that move is not sustainable. It is always better if the price drops a bit before making a new leg up.

For the long term or by the end of this cycle, I think the minimum bitcoin can go is around 130-150K. This is the minimum I am saying, while the maximum target could be in the region of 270-300K bitcoin price.

Mostly, the pattern of bitcoin before it reaches its new peak is that it will experience some sort of correction first and once its momentum recovers, that will pave way for bitcoin to finally reach its new all time high.

This is not new for everyone since bitcoin is always like this, but sometimes it takes a different route but still end up with a new all time high. Our patience will always be put at test, so if you don’t have that, you will never be completely successful with bitcoin.

[bbc.reporter]

The US Dollar is dropping hard. It lost almost 2% against the Euro in the last 5 days, which doesn't sound like much in the crypto world but this is a lot in the fiat terms.
In fact, this is the lowest USD has been since 2021 against the Euro and the British Pound.
But it's hard to say if that has any positive impact on Bitcoin's price. Probably only a little bit, as most purchases are still done in the USD or USD-pegged stablecoins.

But if it keeps dropping, we eventually might see the Bitcoin pumping (in the USD terms), not only because of foreign fiat arbitrage, but because people/institutions will be looking to escape the falling currency into something that can hold (or increase in) value.

The contrarian and skeptical me is thinking that the time to sell our cryptocoins to hold dollars and stablecoins is becoming more nearer. Also, if we consider the cryptospace market's 4 years cycles that has begun on 2013 on the first pump of bitcoin to $1000, we might witness another big dump this year and an end to this bull market.

Does anyone disagree or does everyone speculate that bitcoin's market cycle will be broken beginning this year?

[Iranus]

Many are worried that Bitcoin will experience a major decline if a war occurs for a long time. Maybe the effect does occur because of the war situation that causes panic. But what happens is always different, such as the war situation between Russia and Ukraine. Bitcoin is still strengthening. And now the war situation between Iran and Israel is of concern to many people, including Bitcoin holders. A decline occurred, but Bitcoin increased again.

Bitcoin price rebounded thanks to the timely news of the ceasefire, price did not increase due to high demand when the war happened. So if the war continues or the US enters the war, we will soon see more dumping before it recovers and increases.

Similar to the Russia-Ukraine war in 2022, bitcoin also dumped for a very long time before it was able to adapt and gradually recover without being affected by the war. Bitcoin doesn't do well in wartime, war actually has a negative impact on Bitcoin.

[JeffBrad12]

I'm more inclined to see the liquidation heatmap and it seems BTC can definitely go back to $111k just to liquidate tons of people and possibly go even higher.
The 92k price based on liqudiity heat map isn't as interesting as $111k where there are tons of positions got their liquidation point concentrated there.

[bbc.reporter]

@JeffBrad12. I agree on your short term analysis, however, to where bitcoin is headed for this year, I reckon that there is a higher chance that the bull market might end than a chance that the price will pump and pierce above $200,000. We have witnessed many types of good news that would have pumped bitcoin endlessly if these good news happened on 2017 or 2021. However, in the present market, it appears none of them can pump bitcoin continuously. This is certainly the weakest bull market that bitcoin has experienced.

Also, there is this long term trendline which is very much followed.

[Leahized]

At this point, IMO I feel BTC is heading to 92k or lower from my view of how weekly TF is, but I'll expect a pullback to either 105k or 104k before going to 92k. We might get to 86k, but I can't say for that now till we get to 92k first. what is your View on BTC?

Many are worried that Bitcoin will experience a major decline if a war occurs for a long time. Maybe the effect does occur because of the war situation that causes panic. But what happens is always different, such as the war situation between Russia and Ukraine. Bitcoin is still strengthening. And now the war situation between Iran and Israel is of concern to many people, including Bitcoin holders. A decline occurred, but Bitcoin increased again.

Yes it is exactly what Bitcoin has been stronger than the current war is going on. Bitcoin collapse began at the beginning of the war but then not just the war, the trump's tariff started so we got to see 100K below. However, since it is currently running, Bitcoin has again moved again to the previous place. That is why the war will not be able to affect Bitcoin. In this case we should hold Bitcoin because those who are Bitcoin are short trader. We should always be careful not to do it, which can have some impact on the market for them. Trader wants them to make money in any situation in the market.

[Accardo]

Yes it is exactly what Bitcoin has been stronger than the current war is going on. Bitcoin collapse began at the beginning of the war but then not just the war, the trump's tariff started so we got to see 100K below. However, since it is currently running, Bitcoin has again moved again to the previous place. That is why the war will not be able to affect Bitcoin. In this case we should hold Bitcoin because those who are Bitcoin are short trader. We should always be careful not to do it, which can have some impact on the market for them. Trader wants them to make money in any situation in the market.

Assuming bitcoin had a central server location where all the miners go to mine it, the war would have been an obstacle because missiles would have been aimed at it, but the network is decentralized there's no perfect place to attack. Nothing would ever affect Bitcoin completely, it'll only be temporary until the price explodes again. The world have accepted to take it that way, and politicians are beginning to tap from its strength by envisioning Bitcoin as a treasury.

[STT]

6th close for the weekly bar just below 112k and 4 of those attempts to cross were recently, which is fairly bullish I guess we have to say.  Hit a wall enough times and its going to fall is the reasonable presumption.  

I was guessing for a proper pullback but its barely retracted so far, it can still accumulate some selling but there is nothing too apparent at present to justify such a conclusion.  I have heard the market is balanced in sellers and buyers and if true, we'd sell within the range which must be here.

[reagansimms]

At this point, IMO I feel BTC is heading to 92k or lower from my view of how weekly TF is, but I'll expect a pullback to either 105k or 104k before going to 92k. We might get to 86k, but I can't say for that now till we get to 92k first. what is your View on BTC?

Your view is entirely yours about what you believe, whether it will happen or not. So what have you prepared to welcome the decline if it reaches 92k or worse if the correction continues to 86k?
Perhaps the fluctuations in the Bitcoin market have something to do with the geopolitics going on between Israel and Iran, but rest assured, Bitcoin will not stay at that number for long and it is only temporary. Bitcoin resilience has given investors great optimism to continue holding it in the long term, are you ready for that?