Is Bitcoin About to Break Out or Just a Quick Rise?

[Akbarkoe]

You would never be completely sure about what is about to happen with bitcoin because of the volatility nature of bitcoin, right now that we have bitcoin $72k it can also be a sigh that we are about to have breakout season with bitcoin it might also be that we are about to have more breakdown periods, but as an investor I don’t like involving myself with any form of speculation about bitcoin, I will be mostly focused and interested in having discretionary income so I can be able to keep buying and stacking bitcoin into my portfolio which is a very important scenario that I find very interesting.

You don't like speculating but you yourself wrote that *right now that we have bitcoin $72k it can also be a sigh that we are about to have breakout season*. LOL
Speculating is fun, it's like we're talking about the future ^{even though it's not certain} but at least you see and digest what you can do there.
Buying bitcoin is a personal decision whether to use a discretionary income or not.
I don't know which way the correlation goes?

[Abiky]

You would never be completely sure about what is about to happen with bitcoin because of the volatility nature of bitcoin, right now that we have bitcoin $72k it can also be a sigh that we are about to have breakout season with bitcoin it might also be that we are about to have more breakdown periods, but as an investor I don’t like involving myself with any form of speculation about bitcoin, I will be mostly focused and interested in having discretionary income so I can be able to keep buying and stacking bitcoin into my portfolio which is a very important scenario that I find very interesting.

Bitcoin won't be "breaking out" anytime soon. Not as long as the Iran conflict persists. The "petrodollar" (aka USD) is strengthening. This is bad for Bitcoin's market price within the short-term. The only reason BTC went up towards $72k lately is because of its volatile nature. But it's unsustainable because of the reasons mentioned earlier.

The real rise will happen after the scheduled 2028 halving. We have plenty of time to buy "cheap" BTC before this happens. Just sit back, and relax. There's nothing to worry about.

[Jostern]

You would never be completely sure about what is about to happen with bitcoin because of the volatility nature of bitcoin, right now that we have bitcoin $72k it can also be a sigh that we are about to have breakout season with bitcoin it might also be that we are about to have more breakdown periods, but as an investor I don’t like involving myself with any form of speculation about bitcoin, I will be mostly focused and interested in having discretionary income so I can be able to keep buying and stacking bitcoin into my portfolio which is a very important scenario that I find very interesting.

Bitcoin won't be "breaking out" anytime soon. Not as long as the Iran conflict persists. The "petrodollar" (aka USD) is strengthening. This is bad for Bitcoin's market price within the short-term. The only reason BTC went up towards $72k lately is because of its volatile nature. But it's unsustainable because of the reasons mentioned earlier.

The real rise will happen after the scheduled 2028 halving. We have plenty of time to buy "cheap" BTC before this happens. Just sit back, and relax. There's nothing to worry about.

Yes I don’t think bitcoin would be breaking out anytime soon, because while I was writing this post, bitcoin is currently at $70k while it was previously at $72k yesterday, so we can see that it’s been somehow stagnant for some days now, which is why I don’t think that bitcoin would be in a rush for a bull season anytime soon, anyways we don’t know if we can get to the $80k point which is very sustainable while while trying to approach the market of bitcoin dip, buying and holding bitcoin have always been a very comfortable option when you can always buy through the DCA on a regular basis and forget about the unforeseen circumstances which might not be mostly appreciated by people who prefers to buy on a regular basis.

[michellee]

Just prepare yourself if this situation happens many times in the near because there is possibility the market will be like that for some time. After reaching $75k, the price down to $70k and that happens shortly so we should be ready for anything happens. We don't know for sure so you should trying to catch any chance you see to profit and not too late accumulate more if you already prepare funds. The price can increase fast and down fast but in the other time, you may see the fluctuation can comes fast through the market.

[Odusko]

I wanted to share what i am seeing today bitcoin BTC  just jumped to around 71K and i think a lot of that is from the big money coming into the bitcoin ETFs over $458 million in one day at the same time news about Israel and Iran caused a quick dip but now it is climbing again. So do you think this is the start of a bigger rise because of big investors and the halving or is it just a small spike before a bigger drop?

Constantly we see that bitcoin try to either break out or build a resistance to a pull back, this is the volitility nature of bitcoin, in fact that is the unique nature of bitcoin and we can't deny that, just see what the price did in the kast two days now, we saw how the price moved to 73k and then diving back to 67k before climbing now to 70k that is the volitility with bitcoin that we are talking about.