Bitcoin at $79400

[Oshosondy]

From the day candles, you can see that there could be resistance at this price point, or bitcoin could go up a little up to $80000 before falling.

What do you think will happen next? Will bitcoin continue to grow as it can be seen on the monthly chart up to $85000 to $90000 or there would be a resistance at this price?

Let us have fun.

[FirmWars]

On the daily candle, I don't see any much resistance at the current price, where there would be much resistance of price is if it gets to $90k, then it might start falling. I still compare this with the weekly candle and I also see that the significant resistance is around $90k, what I think will happen next is that Bitcoin might get to $90k between now and next month.

[aylabadia05]

What do you think will happen next? Will bitcoin continue to grow as it can be seen on the monthly chart up to $85000 to $90000 or there would be a resistance at this price?

Let us have fun.

I opened the exchange as usual to check the market activity throughout the day. There’s been a positive shift in the formation of a new support level. Over the next few hours, I’ll be watching to see if $80,000 becomes a support level, as this is crucial for confirming demand and holding activity.
It’s less than $500 away from $80,000 based on Bitcoin’s highest price on the chart. If, over the next few hours, market activity doesn’t see a negative shift marked by increased selling activity, we might have to wait a bit longer to see prices rise above the current level.

[NeuroticFish]

From the day candles, you can see that there could be resistance at this price point, or bitcoin could go up a little up to $80000 before falling.

What do you think will happen next? Will bitcoin continue to grow as it can be seen on the monthly chart up to $85000 to $90000 or there would be a resistance at this price?

Let us have fun.

It's hard to say, but it looks like since the big sellers' (e.g. Bhutan) stash got depleted, the price started going up nicely.
On the other hand, let's not forget that the Hormuz situation is not 100% stable. It is greatly improved, if we look at the gas prices' late trend, but it can go back to bad any time.
There's some chance an up trend will continue for some more days, but I expect that afterwards something also goes bad around the world and the price will fall again.
Is Strategy buying at any price? I tend to doubt it. At least not in crypto winter. And if they stop buying, that may become visible in the price.

So imho we will not pass 90k this month. But some more uptrend is possible on short term.

[EluguHcman]

From the day candles, you can see that there could be resistance at this price point, or bitcoin could go up a little up to $80000 before falling.

What do you think will happen next? Will bitcoin continue to grow as it can be seen on the monthly chart up to $85000 to $90000 or there would be a resistance at this price?

If we are speculating for the month of April, it will be a deep thought to oversight what the short term market performance would be because we have only 8 days to close the monthly chart, so it remains uncertainty to determine if we can see $90K on or before the month end.

Already from my experience in reading the Bitcoin market charts, round numbers such as the $80K and 90K are usually faced with resistance which i also believe it is why the price is hovering around $70K plus with the nearly to see $80.

So even if it breaks the resistance, $90K may be another resistance but as the case may be, volatility is always unpredictable which in other words $90Kcann still be possible before the month runs out.

[hugeblack]

The price did not react positively to the Strategy news, so I don't think it's a good indicator. However, it's currently difficult to predict an upward move, especially since inflation news may mean less liquidity for high-risk investments. Also, the $80,000 level is not long-term compared to $88,000 (and we are still very far from these levels).

[Samlucky O]

From the day candles, you can see that there could be resistance at this price point, or bitcoin could go up a little up to $80000 before falling.

What do you think will happen next? Will bitcoin continue to grow as it can be seen on the monthly chart up to $85000 to $90000 or there would be a resistance at this price?

Well we can't expect Bitcoin to be that bullish as fast as possible, we might see a resistance because we are still in Bear season, if we where already in bull and we experience a decline, we can see it as drop in Price that may recover or continue to grow, but in bear season Bitcoin growth is a miracle, and when this happens we expect to see it dip again gradually till we fully recover. All I can say is that it is not certain, from my speculation earlier I even predicted that by may we will have a starting price of $80k but we have already arrived at $79k so soon , we just have bearly 1 week to see the month of may, perhaps the highest we might see with the current market condition is $85k, I am not sure of $90k.

[bitbollo]

this attention in the price has been created ad-hoc.
people want to trade to borrow, even to risk crazy amount with leverage. But they are risking a great asset, to achieve 0 at the end of the day.
Price in the next halving / post halving would be pretty more high than today much probably (unless there is some bug, alien discovered on earth and so on ).
Probably this is the paradox.
We know the long term ending with bitcoin will reach at least 1 milion USD but we don't know how price could change...tomorrow!

[Free Market Capitalist]

The price rose yesterday in line with the markets, just as the U.S. stock market rose. However, it seems to have encountered a minor resistance level at $80K and has dipped slightly again. I think that if it breaks through, the next resistance level will be $100K.

The price did not react positively to the Strategy news, so I don't think it's a good indicator.

What do you mean by that? I follow Strategy pretty closely, and I have no idea what you're talking about.

[JeffBrad12]

My speculation is bitcoin will go up as high as 88k filling the biggest nearest FVG around there and will try to break the resistance.
The chart will be forming cup and handle pattern on the daily and seems pretty bullish, technical indicators aside.
It's been a while since we have good news about bitcoin after oil and gold craze. Hopefully it will happen and I can see positive gain from my btc bag.

[WatChe]

On CMC the data shows that price of Bitcoin was at 79.5k and now price is at 77.9k. This small bull runs in an indication that price has the potential to cross 80k. We have seen price of Bitcoin in the range of 60 to 70k for many weeks and now price is moving up. When Bitcoin was down there were rumours in the market that price might go down to 40 or 50k and now when price has gone up there are speculations that price might go up to 100k. Bitcoin price is unpredictable and price can go up or down at any time. We need to remain prepare for the upcoming price of Bitcoin all the time. Price is going up but its not certain that price will go up towards 80k.

[Karl_3000]

The price rose yesterday in line with the markets, just as the U.S. stock market rose. However, it seems to have encountered a minor resistance level at $80K and has dipped slightly again. I think that if it breaks through, the next resistance level will be $100K.

The resistance that I saw was $79,500 but we can say it was close to $80,000.

The price did not react positively to the Strategy news, so I don't think it's a good indicator.

What do you mean by that? I follow Strategy pretty closely, and I have no idea what you're talking about.

The last time that Strategy bought bitcoin was on Monday 20th of this month which was three days ago. Bitcoin increased from $73,715 that day to $74,490 yesterday. We can say the news was positive.

[bubilas]

From the day candles, you can see that there could be resistance at this price point, or bitcoin could go up a little up to $80000 before falling.

What do you think will happen next? Will bitcoin continue to grow as it can be seen on the monthly chart up to $85000 to $90000 or there would be a resistance at this price?

Let us have fun.

Surprisingly, given such pressure from geopolitics and uncertainty (the index is at highs no one could have dreamed of during the Covid era), cryptocurrencies have been bullish over the past few weeks. Often ignoring bad news and rallying on positive news, the $75,000 level should hold as reliable support, and a confident break above $80,000 would open up significant potential for further growth. From there, I believe the psychological mark of $100,000 will become a benchmark.

[Bit-Mj1014]

I think there'll be no resistance at this current price range, we are now entering the second quarter of the year there'll be a change in price I think we are going to go to up $80k to $90k...

[luckyjack199]

From the day candles, you can see that there could be resistance at this price point, or bitcoin could go up a little up to $80000 before falling.

What do you think will happen next? Will bitcoin continue to grow as it can be seen on the monthly chart up to $85000 to $90000 or there would be a resistance at this price?

Let us have fun.

I expect the price to hit the $82,000 area before we see a pullback. That level acts as a major monthly resistance, and I highly doubt the market can break through it in a single go

[Doan9269]

What do you think will happen next? Will bitcoin continue to grow as it can be seen on the monthly chart up to $85000 to $90000 or there would be a resistance at this price?

There was a time bitcoin was $100,000, and before we knew it, everything fell to $80,000, and from there we continued to experience more bear until the market got to $70,000. So anything is possible as we speak, we may have strong support and the market will get to $90,000 and even back to $100,000 as it may occur, which is why we have to prepare for anything to happen at any moment from now.

[maydna]

Too bad bitcoin price can't reach $80,000 but I am not too worry because that will just a matter of time for the price getting pump later. Bitcoin will continue to grow but it will always go down for the correction. The price will be up and down and no need to worry. Bitcoin may be in the phase accumulating more power to lift the price so we could see many ups and downs happens in the rest of this year. Since we are almost in the half of the year, we should be ready for the bad situation that may happens.

[coinrifft]

What do you think will happen next? Will bitcoin continue to grow as it can be seen on the monthly chart up to $85000 to $90000 or there would be a resistance at this price?

There was a time bitcoin was $100,000, and before we knew it, everything fell to $80,000, and from there we continued to experience more bear until the market got to $70,000. So anything is possible as we speak, we may have strong support and the market will get to $90,000 and even back to $100,000 as it may occur, which is why we have to prepare for anything to happen at any moment from now.

Yes, that happened because we are in the bull run. But that's already the past, although I still believed that we're in the bear market. But looking at the price, it makes me wonder, why the price is pushing upward when there is a war in the background?

So maybe we can go as high as $80k if the momentum keeps going and the bullish sentiments is still here. Despite the conflict in the Middle East, there could be some big investors who are continuing in a buying spree.

[Oshosondy]

What do you think will happen next? Will bitcoin continue to grow as it can be seen on the monthly chart up to $85000 to $90000 or there would be a resistance at this price?

There was a time bitcoin was $100,000, and before we knew it, everything fell to $80,000, and from there we continued to experience more bear until the market got to $70,000. So anything is possible as we speak, we may have strong support and the market will get to $90,000 and even back to $100,000 as it may occur, which is why we have to prepare for anything to happen at any moment from now.

Yes, that happened because we are in the bull run. But that's already the past, although I still believed that we're in the bear market. But looking at the price, it makes me wonder, why the price is pushing upward when there is a war in the background?

So maybe we can go as high as $80k if the momentum keeps going and the bullish sentiments is still here. Despite the conflict in the Middle East, there could be some big investors who are continuing in a buying spree.

Or you mean that it happened because the bear market has started at the time and not that we were in the bull market.

I still also believe that we are still in the bear market. For price to increase is something that is happening during bear market as the price can decrease before increasing more is common during bull market.

The war has nothing to really do with bitcoin. I have said this very well but some people will not believe me. What I can also see during war is the price of bitcoin to increase but the price may fall a little immediately after the war started, but later increase.

[aoluain]

I thought the market would have pushed up to at least $80k with the last hike last week but it failed and
looks like it may have failed again as its back at $77k. There is definitely resistance there.

Its really hard to call IMO these days because the markets seem to be predominantly influenced by whats
happening in the middle east and from day to day any announcement is liable to happen and the ceasefire
in teetering on the edge of collapse. All it will take is for one event or announcement and the market will
react up or down depending.

I guess there is no fun at all being had by traders who are trying to predict the market, I certainly wouldnt
like to have a trade on ATM.