Bitcoin unable to fall below $107000

[Oshosondy]

Five days ago, bitcoin was unable to fall below $107430. Four days ago, bitcoin did not fall below $107300. Two days ago, bitcoin support stayed at $107200.

Now it is showing like bitcoin price may increase and not fall less than $107000. What do yu think about this? Will bitcoin price increase or not?

Bitcoin price right now is $110400.

[EarnOnVictor]

Now it is showing like bitcoin price may increase and not fall less than $107000. What do yu think about this? Will bitcoin price increase or not?

We should not rejoice yet, still, the current increase is a good sign that it might move higher.

You know, a market that had fallen so much would have the time to take a breath (retracement), which is why we should observe now, rather than decide.

For me, just like I replied in a post hours ago, it's all about $$107,370. Bitcoin has created a quadruple bottom at that level, so if it keeps holding above it, there is a high chance it will return higher. But if it breaches this level lower, it will certainly visit lower levels in weeks.

[Oshosondy]

For me, just like I replied in a post hours ago, it's all about $$107,370. Bitcoin has created a quadruple bottom at that level, so if it keeps holding above it, there is a high chance it will return higher. But if it breaches this level lower, it will certainly visit lower levels in weeks.

Which time frame are using using? Daily, according to what I saw on the chart. Which time zone?

On the exchanges that I am using, it is only three bottoms that I saw and which I talked about above.


I think even if this $107000 will be breached downward, it may take some time, it will not be now. That will happen only if bitcoin is not going above $110000 several times, or maybe what happened before it first increased above $110000 the first time will happen again this time.

[Reid]

Thousands of dollars changes in just a few days. I am still not used to this kind of Bitcoin market. The ETF really shook the market of it and they can manipulate it for their advantage. I don't it's going to fall that far but it seems like it's getting slower to increase too.
I think with many Altcoins coming out and the hype of the AI, it will be tough to imagine that it will go back to $120k+ in just a few days. The Ber months is here, this is when it goes crazy for the Bitcoin market.

[348Judah]

Five days ago, bitcoin was unable to fall below $107430. Four days ago, bitcoin did not fall below $107300. Two days ago, bitcoin support stayed at $107200.

Now it is showing like bitcoin price may increase and not fall less than $107000. What do yu think about this? Will bitcoin price increase or not?

Bitcoin price right now is $110400.

I think we had the same speculations when it was at $108,000 and many thought that it will not go below the same band until we have it at $107,000, which shows that we can't rely on what the current market may say for now, we just launched a new month and there's more to expect from this on either directions, but am also perceiving it may pump more higher than where it is currently because after every fall comes the correction over the market.

[Zigabel]

Five days ago, bitcoin was unable to fall below $107430. Four days ago, bitcoin did not fall below $107300. Two days ago, bitcoin support stayed at $107200.

Now it is showing like bitcoin price may increase and not fall less than $107000. What do yu think about this? Will bitcoin price increase or not?

Bitcoin price right now is $110400.

Bitcoin has been struggling to go above the $100k bench mark, i suspect a strong resistance at that point which is stopping it from falling below. the anticipation now is an up ward move because it has fallen the most in the last past few days, honestly i do not want to see bitcoin fall to any where around the $100k or below because for me that is quiet a really huge loss for the many who bought at over $110k months ago and for those DCAing, it is going to be a really distorting one for them.

this one time i will advice no one trades but should just try sticking by HODLing till the market gets bullish again but for now you can choose to rather buy the deep but if you must, make sure its DCA you are doing to buy in new position, that way you are able to stay safe at even with the inconsistencies of the market.

[$crypto$]

Bitcoin will rise --- UP
I'm not too sure bitcoin will fall below $100K, although this is just my own opinion --- but no one can determine the price of bitcoin except us speculating where it will rise now.

I will continue to buy bitcoin at the current price --- it seems that in the next few months it could return to $125K or more.

[Franctoshi]

Five days ago, bitcoin was unable to fall below $107430. Four days ago, bitcoin did not fall below $107300. Two days ago, bitcoin support stayed at $107200.

Now it is showing like bitcoin price may increase and not fall less than $107000. What do yu think about this? Will bitcoin price increase or not?

Bitcoin price right now is $110400.

Why Bitcoin did not fall below $107200 is because it was a previous resistance that is supposed to turn into support (Rule: Resistant break is turn to support RBS) after we broke that level of resistance and hit $124,000 last month . From technical point of view, if Bitcoin breaks or dips below 107200, It will be considered that the trend has taken a new direction, the bulls are supposed to hold tight that level.
the trend is your friend until it end, so far everything it still intact.

[skarais]

Five days ago, bitcoin was unable to fall below $107430. Four days ago, bitcoin did not fall below $107300. Two days ago, bitcoin support stayed at $107200.

Now it is showing like bitcoin price may increase and not fall less than $107000. What do yu think about this? Will bitcoin price increase or not?

Bitcoin price right now is $110400.

Bitcoin can lose thousands of dollars in a day and vice versa when its price rises. I can't be sure how long $107,000 will remain a strong support level, but if Bitcoin manages to break through its current key resistance, the strong support level will shift to higher than $107,000. Currently, $107k can be considered a strong support level amidst the uncertainty of the price movement direction, but anyone can be optimistic about the upward movement especially if they find important indicators both technically and fundamentally.

Honestly, I'm hoping for Bitcoin to rise this month and hit a new all-time high. However, Bitcoin can move in any direction, so there's no certainty even though there appears to be a small increase on the daily chart. Important resistance on the daily chart is at $113k and $117k. If this resistance is broken, a larger price movement can be expected.

[justinlamode]

I think the decline has ended and Bitcoin could not fall below $107,000 like you rightly said. As we have entered September, all I see for Bitcoin is movement in the upward direction, a moment of blessing for those who were patiently holding despite the pressure of the market. The truth is that we have not reached the peak of this market cycle, we will be going there around next month.

[Asiska02]

Five days ago, bitcoin was unable to fall below $107430. Four days ago, bitcoin did not fall below $107300. Two days ago, bitcoin support stayed at $107200.

Now it is showing like bitcoin price may increase and not fall less than $107000. What do yu think about this? Will bitcoin price increase or not?

Bitcoin price right now is $110400.

I also noticed how bitcoin has been rejecting that price and not fall below it, yet again making some push upwards but not with such a big momentum. I even saw the price goes up as high to $111000 but only touched and didn’t trade in that price for too long. The thing is that bitcoin is still now showing the right direction it’ll head in the couple of days, it is still showing some kind of weak momentum from both sides of the trend.

Hopes are still high for bitcoin to make another all time high in this new month, but I’m more skeptical about Bitcoin movement now after staying too long consolidating and the whole of last month remaining bearish for it. Even if the month of August has shown historically to be a month of bear for bitcoin, I feel the bull market is already getting saturated and we may be welcoming the bearish market soon, the longer period in the market cycle.

[adaseb]

In my experience, especially when it comes to crypto markets. Whenever price consolidates at an area such as resistance, its usually bearish. Which is counter intuitive because you think its sitting on support and gathering offers and being bid up, however with crypto its usually a slow grind and usually itll keep dropping.

Same for resistance. When its sitting at a level and fails to go higher, it will usually end up breaking and heading higher. Perfect example of this can be 2018, when we kept touching $6000. Everybody assumed it was support and in Oct-Nov 2018, we consolidated for a long time there and what happened next, we collasped and headed very quickly for $3000.

[tabas]

Five days ago, bitcoin was unable to fall below $107430. Four days ago, bitcoin did not fall below $107300. Two days ago, bitcoin support stayed at $107200.

Now it is showing like bitcoin price may increase and not fall less than $107000. What do yu think about this? Will bitcoin price increase or not?

Bitcoin price right now is $110400.

I think I've seen it reach $111k again and was about to hit $112k, but it was too short. So, with the corrections that we have, maybe this is the time for its recovery. It moves like this and it's a normal action after getting into a flash crash; it should recover a bit. But the question is if will it move back to $120kish price? I hope so, and that's what we want to see badly. While the pattern usually is being followed. At times, it's always hard to speculate on what will happen next because Bitcoin has been so unpredictable.

[Yaunfitda]

Five days ago, bitcoin was unable to fall below $107430. Four days ago, bitcoin did not fall below $107300. Two days ago, bitcoin support stayed at $107200.

Now it is showing like bitcoin price may increase and not fall less than $107000. What do yu think about this? Will bitcoin price increase or not?

Bitcoin price right now is $110400.

I think I've seen it reach $111k again and was about to hit $112k, but it was too short. So, with the corrections that we have, maybe this is the time for its recovery. It moves like this and it's a normal action after getting into a flash crash; it should recover a bit. But the question is if will it move back to $120kish price? I hope so, and that's what we want to see badly. While the pattern usually is being followed. At times, it's always hard to speculate on what will happen next because Bitcoin has been so unpredictable.

Yes, It's more than $111k right now and I think we might have bounce back already this month as we are over the ghost month of August which is very bad for Bitcoin market. So in any case the dust have settled down a bit and the whole crypto market has recovered already. There is no way but going up, so I will be positive that we might see $120k before the end of the year. And after that, it will be the biggest run in our history as the last three months should be huge for us as this will be the peak of the bull run. So just relax for a good ride this 2025 and again, I'm optimistic that it will be all good leading to December and a new all time high.

[GeorgeJohn]

The way the price of Bitcoin is going it shows that it can fall belong the price at any time, due to the point it was before so it is obvious that the price of Bitcoin is not stable and if you are expecting it to decrease more it can eventually increases based on a recent demand in the market, price of Bitcoin always fluctuate so I can't say that the price will increase based on what I see or what I notice but the price is unpredictable that is why you cannot make an emphasis that bitcoin price will be at this moment because nobody knows what the future of Bitcoin will be today or tomorrow, the more you expect it to be increase the more it is divert to another way of decrease

[M47AK16]

Five days ago, bitcoin was unable to fall below $107430. Four days ago, bitcoin did not fall below $107300. Two days ago, bitcoin support stayed at $107200.

Now it is showing like bitcoin price may increase and not fall less than $107000. What do yu think about this? Will bitcoin price increase or not?

Bitcoin price right now is $110400.

$107000 seems like a strong support but not unbreakable. It's been more than 2 months since bitcoins are trending above $107k and maybe that's what drew you towards the conclusion but I really think bitcoins might touch $101k before pumping again. There is a strong support on $101k and for 3 months bitcoins have touched $101k and pumped right after that. Is this trend continues, I see bitcoins battling $107k for maybe a month or two and will show us some stable moves.

I miss those days when bitcoins really very quite volatile and would used to make sudden moves. But right now, seems like they love to go stable securing all the investments, mostly with futures.

[Free Market Capitalist]

Now it is showing like bitcoin price may increase and not fall less than $107000. What do yu think about this? Will bitcoin price increase or not?

Yes, looking ahead to the end of the year, I'm pretty sure the price will go up, quite a bit. It seems that support has formed around $107K, as you mention, but support levels can be broken. Perhaps we are already at a historic moment where we will never again see the price below $100K, and if we're not there yet, it won't be long.

[EarnOnVictor]

For me, just like I replied in a post hours ago, it's all about $$107,370. Bitcoin has created a quadruple bottom at that level, so if it keeps holding above it, there is a high chance it will return higher. But if it breaches this level lower, it will certainly visit lower levels in weeks.

Which time frame are using using? Daily, according to what I saw on the chart. Which time zone?

I use many timeframes, but for this post, I just selected the Daily chart to show it. As for the time zone, it's GMT+3. That is what almost all traditional brokers I know use. I guess it's to unify what their chart states across the globe to avoid contradictory analysis.

On the exchanges that I am using, it is only three bottoms that I saw and which I talked about above.

I don't use the exchange chart for my analyses. I tried it a while ago and discovered they are wired for traders to fail. I guess that's why some traders/investors prefer Tradingview. With this, I don't need Tradingview.

Besides, institutional investors and traders are taking over, so I've seen the broker's chart more accurate with my analysis than exchanges' charts.

[Oshosondy]

For me, just like I replied in a post hours ago, it's all about $$107,370. Bitcoin has created a quadruple bottom at that level, so if it keeps holding above it, there is a high chance it will return higher. But if it breaches this level lower, it will certainly visit lower levels in weeks.

Which time frame are using using? Daily, according to what I saw on the chart. Which time zone?

I use many timeframes, but for this post, I just selected the Daily chart to show it. As for the time zone, it's GMT+3. That is what almost all traditional brokers I know use. I guess it's to unify what their chart states across the globe to avoid contradictory analysis.

On the exchanges that I am using, it is only three bottoms that I saw and which I talked about above.

I don't use the exchange chart for my analyses. I tried it a while ago and discovered they are wired for traders to fail. I guess that's why some traders/investors prefer Tradingview. With this, I don't need Tradingview.

Besides, institutional investors and traders are taking over, so I've seen the broker's chart more accurate with my analysis than exchanges' charts.

I guess you are a forex, stock or commodity trader before you become a crypto trader is the reason. Most crypto traders on X are using exchanges chart. Also most communities like on Telegram and those signal providers are using the exchange chart to fool their customers.

I also know some people no refer tradingview.

Crypto exchanges have another chart called TradingView, maybe you can try it and see how it is. But make sure you change the time zone to what you like which is GMT +3.

Exchanges give you the option to change the time zone. They have all time zone from -12 to +12 GMT. Most crypto exchanges time zone is GMT +1 but few of time have GMT+8.

GMT+3 is Moscow (Russia) time zone. I am surprised that is where traditional brokers set their time zone to.

I use GMT +1 which is the default on most crypto exchanges and I am still able to predict the market accurately more often if is bitcoin.

[AprilioMP]

Five days ago, bitcoin was unable to fall below $107430. Four days ago, bitcoin did not fall below $107300. Two days ago, bitcoin support stayed at $107200.

Now it is showing like bitcoin price may increase and not fall less than $107000. What do yu think about this? Will bitcoin price increase or not?

Bitcoin price right now is $110400.

Starting in September with an open price above $108k or rather at $109,163 is something positive because on the journey of the days in September, Bitcoin still shows the price above that price.

Today, this time, Bitcoin is traded above $110K which can show that the Bitcoin price market is still strong to dismiss that bearish will arrive.
It is true that not always bullish will survive and I also had a doubt about this, but still bullish still continues even though it is not capable of above $120k.