Hope bitcoin will not fall to $63900?

[Oshosondy]

If bitcoin will rise, it is now showing that it may not go above $75000 for a long time, as the daily candle is sluggish, it has now gotten to the point that  bitcoin may not go above that price for a very long time.

But what I am seeing now is that bitcoin may first drop in price to at least $63000 and hope it will not fall more than that to first form a double bottom or fall more. Allt these three about the fall is very possible.

What do you think about this?

[Free Market Capitalist]

We are one step away from reaching that figure. We have been moving sideways in recent weeks, but it looks like this is a downward consolidation, a pause before falling further, which also coincides with the current stage of the cycle. It seems that the classic cycle pattern is being followed, but in a downward direction.

[Wiwo]

We can't predict the benchmark that the bitcoin price will stop on either side, this is what makes bitcoin an unpredictable asset.

What I will not agree with is the part that you concluded that Bitcoin won't exceed $75000 for a long time, I will advise you to take things easy so as not to make false speculations.

[philipma1957]

Do a ladder down and hodl buy.

65k
64k
63k
62k
61k
60k
59k
58k
57k
56k
55k
54k
53k
52k
51k
50k
49k
48k
47k
46k


And a dca buy. For a year.

The ladder down need be say 130 each time total of 20x 130 = 2600

The dca would be 50 a week or 50x52 = 2600

At the most you spent 5200  bucks

[Bitcoin_people]

The Bitcoin price has been fluctuating in a certain way that we have seen recently, the candles are now between $67k and $68k. If the market is moving towards the highest level now, then we can assume that it may not go above $75k, there is a high possibility of a fall in the market. If the market continues to move towards the fall again, then I think the Bitcoin market is likely to fall below $60k. If the market decreases, it is expected to go towards a recession, there is a possibility of getting closer to $50k if the market starts to fall. According to the current candles, I think the market may move forward to enter a little higher in the coming days.

[Marvelockg]

But what I am seeing now is that bitcoin may first drop in price to at least $63000 and hope it will not fall more than that to first form a double bottom or fall more. Allt these three about the fall is very possible.

That you believe that bitcoin is going to do better is enough reason not to be too frightened about short term DIP seeing that we've seen bitcoin getting to this current point we never thought it will fall back to. Every DIP be it a slight one or a major one presents an opportunity to buy even more bitcoin and rather than falling for the issue of being Afraid when there's a likely that there might be a DIP, it's better to look at the positives Which is the fact that Thea's an high chance of a recovery in the long run.

[Woodie]

Too many negative forces surrounding Bitcoin and the funny thing is that things affecting some countries is spilling over to crypto.. for instance the Supreme court ruling over tariffs seems to have backfired and now Trump has holes the tariffs to 15% world over for 150days and we don't know how the markets are reacting to this because this is BS!

Otherwise with Trump and his decisions at the moment, I think we are in sh*T and markets are still dipping!! Brace for impact ladies and gentlemen

[Frankolala]

What I will not agree with is the part that you concluded that Bitcoin won't exceed $75000 for a long time, I will advise you to take things easy so as not to make false speculations.

I agree with the OP, that we might not see $75k price any time soon till bitcoin hits the bottom and make a rebound because the market is slowly moving in a downtrend and we will see lower prices. You might be right but I'm not expecting it from what I observed in the chart. I think these are the best times to continue with your DCA for more coins. Speculations can be true/false.

[Issa56]

If bitcoin will rise, it is now showing that it may not go above $75000 for a long time, as the daily candle is sluggish, it has now gotten to the point that  bitcoin may not go above that price for a very long time.

There is no assurance that bitcoin won’t be going above $75000 for a long period of time, bitcoin price is just kind of difficult to predict. Bitcoin price might be within a particular range for some time, but when the price is going to pump or dump might be when you don’t even expect. I don’t think $75000 should be a difficult price that bitcoin won’t be able to break.

But what I am seeing now is that bitcoin may first drop in price to at least $63000 and hope it will not fall more than that to first form a double bottom or fall more. Allt these three about the fall is very possible.

No matter how low bitcoin price goes, you just have to be prepared to hold, and if you having some extra funds, then you can take advantage of the decline in bitcoin price and accumulate more bitcoin. Nobody knows how low bitcoin is going to go, that’s why we just have to keep on holding no matter how low bitcoin price goes because it’s going to bounce back.

[LogitechMouse]

If bitcoin will rise, it is now showing that it may not go above $75000 for a long time, as the daily candle is sluggish, it has now gotten to the point that  bitcoin may not go above that price for a very long time.

But what I am seeing now is that bitcoin may first drop in price to at least $63000 and hope it will not fall more than that to first form a double bottom or fall more. Allt these three about the fall is very possible.

What do you think about this?

That's the current price movement of Bitcoin on a daily chart. It's forming an ascending triangle pattern which is for most of the time bullish IF it moves to the upside.

This is why the following days will be crucial because it might break the horizontal line, or it will break the diagonal line leading to further downwards movement. The current resistance is at around $72,000, but looking at where we are right now, I think $63,000 will be broken and will drop even below that price very easily. We are in a bear market let's not forget about that. Well, you might be wrong, or you might be right. Same thing on my part. Let's see how this will play out.

Currently, the bears are still in control. It's just we're moving sideways for quite some time.

[Zaguru12]

What I will not agree with is the part that you concluded that Bitcoin won't exceed $75000 for a long time, I will advise you to take things easy so as not to make false speculations.

Just like what you said yourself bitcoin is actually very unpredictable as such no one has a perfect grasp of where next the market is headed. OP’s speculation or predictions that we will stay for too long at the bottom or below $75k is simply base on his technical analysis. And critical looking at it the market is in actually in a bearish ascending trend but person with a very good support at that $63k most especially some inducement also there the market will most definitely come there to form the bottom (W) before heading up with another strong resistance at Just above $70k. So before the market could break this and then heads up we need just more than technicals, only a strong positive fundamentals can push us up easily

[Powerjumboo]

If bitcoin will rise, it is now showing that it may not go above $75000 for a long time, as the daily candle is sluggish, it has now gotten to the point that  bitcoin may not go above that price for a very long time.

But what I am seeing now is that bitcoin may first drop in price to at least $63000 and hope it will not fall more than that to first form a double bottom or fall more. Allt these three about the fall is very possible.

What do you think about this?

Depending on the current market situation and market volatility, I can only say that it is not impossible to reach $63900. We have seen that Bitcoin has made a position from $65000 to $68000 and even $69000. We can see that Bitcoin is not increasing or decreasing much from this position. And it is not possible to accurately predict which direction Bitcoin will go from this position. But I will say one thing, $63900 is not very far and can be reached at any time. However, one thing should always be remembered, the more the market decreases, the more investment opportunities will be created.

[kawetsriyanto]

Since February 07, BTC price looks quite stable above $65k but it fails to break the resistance level of $72k-$73k. Mostly, it drops again toward $65k whenever it reaches $70k. This is a sideways phase, Bitcoin price is in the range $65k-$70k. Sure, this can be broken in the next few days, it can go lower or go higher. TBH, I am not really sure about this but it seems BTC will try to go lower again to $60k.  

I agree with the OP, that we might not see $75k price any time soon till bitcoin hits the bottom and make a rebound because the market is slowly moving in a downtrend and we will see lower prices.

It is actually not really impossible even the market looks still in the downtrend. I think this will depend on the news or issues to appear in the next few days. If there is a trigger for a temporary pump, it isn't totally impossible to jump to $75k.

[asriloni]

It's gonna be down even further. It's already break out for the downward trend. So i guess my prediction if it's forming a dead cat bounce was right. If you're seeing the all time chart, it clear if we have not yet seen the bottom. Another yearly low may be coming again soon.

I'm still in my believe if we may be seeing Bitcoin goes to 40k - 50k range. We're still in the denial phase caused by everyone is still thinking it may be bouncing up.

[Don Pedro Dinero]

It's gonna be down even further. It's already break out for the downward trend. So i guess my prediction if it's forming a dead cat bounce was right. If you're seeing the all time chart, it clear if we have not yet seen the bottom. Another yearly low may be coming again soon.

I'm still in my believe if we may be seeing Bitcoin goes to 40k - 50k range. We're still in the denial phase caused by everyone is still thinking it may be bouncing up.

That's right, the price hasn't dropped below the $63,900 mentioned in the OP, but a few hours ago it reached $64,400, not far off that figure. A slight support level could form there, but it looks like we're going to see lower prices this year.

[RockBell]

The Bitcoin price has been fluctuating in a certain way that we have seen recently, the candles are now between $67k and $68k. If the market is moving towards the highest level now, then we can assume that it may not go above $75k, there is a high possibility of a fall in the market. If the market continues to move towards the fall again, then I think the Bitcoin market is likely to fall below $60k. If the market decreases, it is expected to go towards a recession, there is a possibility of getting closer to $50k if the market starts to fall. According to the current candles, I think the market may move forward to enter a little higher in the coming days.

For some months now, the price of bitcoin has not been stable, and it went up and now its coming down, and the candles have been coming down, and it has been expected to be so because this is not even the first time and now the price is even below $66k and there is still a high chance of possibility that the price might still come down and this is the point that we need to be prepared for, and for now it does not show any sign that its going to go above $75k for now, and the fall is going to be a fall after a fall, also a perfect opportunity to buy the dip also.

And some periods are worse than this, and there are a lot of people who are going to be happy when the price falls below $50k, so there is no way that anything is going to change and this is when it becomes interesting because bitcoin has its own way of testing the holders faith because what the market is presenting is not even nice at all, so this is the period that everything have to be proper made use of holding and buying more.

[Charles-Tim]

We can't predict the benchmark that the bitcoin price will stop on either side, this is what makes bitcoin an unpredictable asset.

It was posted yesterday, and it happened within short period of time. Although, $63900 was predicted but bitcoin got to $64300 which was very close.

What I will not agree with is the part that you concluded that Bitcoin won't exceed $75000 for a long time, I will advise you to take things easy so as not to make false speculations.

This is based on the technical analysis according to what I found out, if you check the daily candle sticks, you will understand. There is possibility that bitcoin can increase above $75000, but the chance that will happen now is very low based on bear market and technical analysis. I saw on the news yesterday about an analysis pointing towards $83000, but any analysts can be wrong.

[ultrloa]

We can't predict the benchmark that the bitcoin price will stop on either side, this is what makes bitcoin an unpredictable asset.

It was posted yesterday, and it happened within short period of time. Although, $63900 was predicted but bitcoin got to $64300 which was very close.

There's a fast crash happening yesterday and many got panic if they can able to see more price dump on Bitcoin, but now everything seems stable and Bitcoin stand its ground at $65k.

What I will not agree with is the part that you concluded that Bitcoin won't exceed $75000 for a long time, I will advise you to take things easy so as not to make false speculations.

This is based on the technical analysis according to what I found out, if you check the daily candle sticks, you will understand. There is possibility that bitcoin can increase above $75000, but the chance that will happen now is very low. I saw on the news yesterday about an analysis pointing towards $83000, not any analyst can be wrong.

I really thought that we will see Bitcoin will get back at $80k when its reach at $70k+ on last few days, but it seems the bearish trend seems strong and everything seems unsure at the moment. Still let's see if we can see Bitcoin to dump at $50k+ level or the phase will change and price will eventually recovers.

[Charles-Tim]

I really thought that we will see Bitcoin will get back at $80k when its reach at $70k+ on last few days, but it seems the bearish trend seems strong and everything seems unsure at the moment. Still let's see if we can see Bitcoin to dump at $50k+ level or the phase will change and price will eventually recovers.

The problem is that most people are not interested in buying for now. The time that you are referring, you should see triple top two times on the daily candle sticks, followed each by more fall. Later the price got to $70000 but it was unable to get above $73000 and it later dropped. That indicated that the price may not increase further at the time. Later $70000 become the problem, but later $69000 and recently I think $68000. These are only indicating bear market and we do not know when it will end.

[michellee]

That may happens as the price sign to go down below. The pressure still there and trying to make the price down. But no need to panic because if the price really down and we can stay calm, we will see time to buy.

Maybe..maybe we will see the price down to $60 levels especially if the situation become worst. Hopefully, people out there will not make a short decision. Be careful and not too close to the market if you can't stay calm.