Bitcoin not going above $116500

[Oshosondy]

Three days ago, bitcoin highest price was around $116590. Two days ago, bitcoin highest price was $116250. Today, bitcoin highest price as at when I was posting this video was $116120.

We need bitcoin to go up to at least $117500 before we can know if there will be uptrend. Bitcoin needs to do this as soon as possible, or the price might go back down.

What do you think?

Some people are thinking bitcoin may increase to all time high this month while some people think that miners are holding their mined coins which might signal uptrend, but the 1 day candles chart says otherwise.

[Hazink]

The price of bitcoin is just rotating around one particular point this past few days; it’s not surprising, but at the same time, it looks like something that’s being controlled from not crossing above $116,000. But that’s not going to last for long. Today, the price has touched $116,000, and we are still on the $116k level. If you believe bitcoin reaching $117k is a sign that we are going to head back to the top, then you just have to be a little patient, as I can see the price breaking through to $117k in a few hours from now.

[Donneski]

Three days ago, bitcoin highest price was around $116590. Two days ago, bitcoin highest price was $116250. Today, bitcoin highest price as at when I was posting this video was $116120.

We need bitcoin to go up to at least $117500 before we can know if there will be uptrend. Bitcoin needs to do this as soon as possible, or the price might go back down.

What do you think?

Some people are thinking bitcoin may increase to all time high this month while some people think that miners are holding their mined coins which might signal uptrend, but the 1 day candles chart says otherwise.

If Bitcoin can’t convincingly push past that $116,500–$117,500 zone, it leaves room for bears to drag things down again. Personally, I’m not too worried about short-term candles because Bitcoin has always moved in waves, small pullbacks often set the stage for bigger moves.

 For me, the real question isn’t just whether we break $117,500 soon, but how strong the momentum looks once we get there.

[Zaguru12]

The price of bitcoin is just rotating around one particular point this past few days; it’s not surprising, but at the same time, it looks like something that’s being controlled from not crossing above $116,000. But that’s not going to last for long. Today, the price has touched $116,000, and we are still on the $116k level. If you believe bitcoin reaching $117k is a sign that we are going to head back to the top, then you just have to be a little patient, as I can see the price breaking through to $117k in a few hours from now.

That’s simply the market consolidating for a very long time and nothing more, for me i seriously wasn’t expecting anything more from the market than this consolidating, in fact i actually see this current price a little bit higher than I expected. Bitcoin in September is usually just bearish and I wasn’t expecting less than the history repeating it and the market going bearish, but as the market had actually been down for too long in the month of August the price is now consolidating more this month and with low volume it will certainly be lacking the momentum to break some highs.

I personally think if we should wait to till the end of month which means increase in the anticipation for the upcoming last quarters and this will mean more volume and a potential break off to new highs but with this current volume the month might simply have its high less than $117k

[STT]

Strange it didnt just carry on but its pulling back some, its where it settles that matters more.  So if BTC pulls back here but stays above 114k then continues rising it will be even more positive then if iit had gone straight higher, some pause to offload sellers is often a better deal for higher possible priices.
  Same with the ATH, its not the high so much but where it closes after that high and if it can sustain for a weekly bar and further out.

[shinratensei_]

I don't really expect new ATH after we got ATH not too long ago. I think the price is just consolidating. Current bitcoin price seems to have bounced really good from the support and hopefully it broke the double top structure if it can close green candle on the daily chart. I honestly expect ATH around the end of the year, it's more of a gut feeling though. Hopefully it can close 118k in the daily chart.

[Majestic-milf]

 You may be right that we might not see more than $116,500k for Bitcoin price but just to ask, is this the amount you're speculating for the week or it's for the month because if you say it's for the month of September then I'd like to disagree because I've got the feeling that we might see something higher than that. As at time of writing, Bitcoin is $116, 215.37 after shifting from $115k for the better part of two days so there is still the possibility of us seeing something positively different.

[Tonimez]

You may be right that we might not see more than $116,500k for Bitcoin price but just to ask, is this the amount you're speculating for the week or it's for the month because if you say it's for the month of September then I'd like to disagree because I've got the feeling that we might see something higher than that. As at time of writing, Bitcoin is $116, 215.37 after shifting from $115k for the better part of two days so there is still the possibility of us seeing something positively different.

Bitcoin has been very resistant lately since dropping from the $117k following the last ATH recorded in August. I still feel that bitcoin price would be below $115k by month ending. It has been resisted within the +& - $4k at the $112k margin. So for the next six days I feel the bitcoin price would be within the price of $113k and may also end the month within that range. Seems bitcoin would not experience any extreme corrections this remaining months of the year.

[salad daging]

Bitcoin has been fairly stagnant over the past few days, so it may take some time for it to jump to over $117K since it is currently at $116,600 at the time of writing, it is still possible for it to reach the price you expect and continue its upward trend.

So this may continue to be sideways in the last few weeks so for me it's not a problem and I'm not worried about the slow movement of bitcoin as long as it doesn't fall below $110K, which could be a downward trend.

[FinneysTrueVision]

The price has already gone above $116.6k. There is usually a small pump at the beginning of the week after Strategy buys some Bitcoin over the weekend. There is supposed to be a FOMC meeting later this week, and depending on the outcome, this could be something really positive for the price of Bitcoin. The price might not go up immediately, but a rate cut is generally bullish over the long term.

[TravelMug]

The price has already gone above $116.6k. There is usually a small pump at the beginning of the week after Strategy buys some Bitcoin over the weekend. There is supposed to be a FOMC meeting later this week, and depending on the outcome, this could be something really positive for the price of Bitcoin. The price might not go up immediately, but a rate cut is generally bullish over the long term.

Yeah, I think that's one news that really push the price above $16,600 or closer to it.

Meaning it sounds very positive to crypto investors or the whole financial market in general. So it's good and now we are above $116k and we are still in the second week of September. And we should be very bullish in the next two weeks as we are now entering or should be entering the most bullish months, October-December.

And if that happens then we will break new all time high again. Stil very excited for us and we do hope that every positive prediction is going to be hit.

[Marvell1]

The price has already gone above $116.6k. There is usually a small pump at the beginning of the week after Strategy buys some Bitcoin over the weekend. There is supposed to be a FOMC meeting later this week, and depending on the outcome, this could be something really positive for the price of Bitcoin. The price might not go up immediately, but a rate cut is generally bullish over the long term.

Although the rate cut is seen as positive news, but if they are no longer a secret or a surprise but are instead almost a certainty. I don't think the market will react positively when news of an official rate cut is announced. I even confidently predict that "sells the news" will happen.

The market will really react positively if there is a surprise, I mean right now the market is just believing that the Fed will cut 0.25 basis points. So if the Fed suddenly cuts 0.5%, that would really have a significant impact on the market.
But you're right, no matter how many basis points the Fed lowers, it will still have a positive impact in the long run.

[Oshosondy]

The price has already gone above $116.6k. There is usually a small pump at the beginning of the week after Strategy buys some Bitcoin over the weekend. There is supposed to be a FOMC meeting later this week, and depending on the outcome, this could be something really positive for the price of Bitcoin. The price might not go up immediately, but a rate cut is generally bullish over the long term.

Although the rate cut is seen as positive news, but if they are no longer a secret or a surprise but are instead almost a certainty. I don't think the market will react positively when news of an official rate cut is announced. I even confidently predict that "sells the news" will happen.

Any positive fundamental reason will cause the price to rise and the rate cut is an example, but the problem there is that it can be short lived and trap some people into bearish trend. But who knows if bitcoin may start to increase after. Let us see what will happen. But I noticed bitcoin is really having huge resistance at $16500.

[Odohu]

Three days ago, bitcoin highest price was around $116590. Two days ago, bitcoin highest price was $116250. Today, bitcoin highest price as at when I was posting this video was $116120.

We need bitcoin to go up to at least $117500 before we can know if there will be uptrend. Bitcoin needs to do this as soon as possible, or the price might go back down.

You are speaking from technical analysis point of view which means you are right. If the resistance around $116,500 is not broken, it will be hard to know if the uptrend will continue or price will correct to $106,000 for more liquidity before we resume the uptrend later this year. But sometimes technical analysis does not work as predicted especially in a time of strong news release. Hopefully the uptrend will continue, which is what most of us are routing for but we will always keep open mind.

[Salahmu]

Three days ago, bitcoin highest price was around $116590. Two days ago, bitcoin highest price was $116250. Today, bitcoin highest price as at when I was posting this video was $116120.

We need bitcoin to go up to at least $117500 before we can know if there will be uptrend. Bitcoin needs to do this as soon as possible, or the price might go back down.

What do you think?

I see a thinking from an experience person so I agree with you because we have not gotten the suppose definition the price is trying to make and it has been several times now the price is going to $116k and fall so is as if the price cannot pass this $116k now but however i thought the $116590 was the time of breakout but instead it swim back and now it has fallen below $115k, actually this is somehow unlike before because as the time is going that's how the season that would cause an impact of fall in bitcoin price is coming so actually if the bear season should meet bitcoin on this price is going to be a massive dip because we are still lower than the way it should have been.

[AprilioMP]

What do you think?

Some people are thinking bitcoin may increase to all time high this month while some people think that miners are holding their mined coins which might signal uptrend, but the 1 day candles chart says otherwise.

For the time being, I can say that the price market situation is still restrained like someone who wants from being released.
I myself honestly don't expect this to be this and that is in the price of Bitcoin because in time that I expect Bitcoin to happen. Just need to wait for time.
Maybe because I feel too waste of time to continue to make price speculation if the desire so far is only the purchase action available.

[YOSHIE]

What do you think?

Some crypto observers speculate that the price of Bitcoin is still being played by those who adopt large amounts of bitcoinThe current market is controlled by usn Seeing the price of Bitcoin spinning around $ 110k- $ 116k it is enough to make them achieve good profits in adoption.

Different in previous years, since many governments have been included in the crypto market, the price of bitcoin is made stabledifficult for the actual speculation where the lowest pointh And the highest, I see the market when far from the estimated many people, if the government has begun to take a role.

[EluguHcman]

Three days ago, bitcoin highest price was around $116590. Two days ago, bitcoin highest price was $116250. Today, bitcoin highest price as at when I was posting this video was $116120.

I think you are over worrying yourself on keeping track of every market moves if you are a hodler because you will only end up labouring your emotions towards skepticism and yet will not make a difference.

We need bitcoin to go up to at least $117500 before we can know if there will be uptrend. Bitcoin needs to do this as soon as possible, or the price might go back down.

It is hopeful that we are still in the uptrends because the $116K as the current resistance level was very hard for the market to reach again following the Dip up to the bottom that was fluctuating like we have batched into the bear.
I don't know your measure of analysis to be hopeful of $117K but don't be surprised that the price could catch up the $117K and still experience the resistance like the $116K.

[Ishicryptic]

Strange it didnt just carry on but its pulling back some, its where it settles that matters more.  So if BTC pulls back here but stays above 114k then continues rising it will be even more positive then if iit had gone straight higher, some pause to offload sellers is often a better deal for higher possible priices.
  Same with the ATH, its not the high so much but where it closes after that high and if it can sustain for a weekly bar and further out.

Bitcoin has pulled back to $114k presently and we are hoping that it won't pull further down, it could be a sign of early bear run if it does, that is why we have to be positive for a rallying soon. ATH don't just happen it has to build momentum and a little pullbacks is a part of it that is why the expectations are quite high to see it cross $118k, break that barrier and hit a new ATH. From the speculations that I have heard from some experienced holders they say that September, is always a bearish month, if that is the case it means that we should expect a bullish October, and November.

[Free Market Capitalist]

What do you think?

That in less than a month we will have beaten that figure, and the previous ATH of $125K as well. We are approaching the moment when the price has to take off, and there is nothing in the macroeconomic environment to suggest otherwise. I believe that when the price starts to rise after the summer break, there will be a sharp increase due to the contagion effect.