Bitcoin around $80K level again

[the_rrockk]

Bitcoin is back near the $80K area again. Last time it struggled here, so this level still looks important.

Price held up quite well after the recent dip, which is a good sign. But at the same time, it hasn’t really broken this level yet, so I wouldn’t say it’s clear direction.

Personally I think we either get a clean break and move higher, or another rejection and some sideways movement again.

Not chasing here, just watching how price reacts !

What are you guys doing at this level? Buying, waiting, or already took profit?

[Oshosondy]

After I posted this topic: Bitcoin at $79400...

...bitcoin increased over $79000 again just yesterday, but it later fall back again. If the price is rejected this week again, that could be the resistant price. Higher prices is suggested on the monthly chart, but let us see if bitcoin will go up further.

What are you guys doing at this level? Buying, waiting, or already took profit?

Taking profit? I am not taking profit when I know bitcoin may get to $150000 when massive bull run begins.

[cryptoaddictchie]

What are you guys doing at this level? Buying, waiting, or already took profit?

Well as a aignature participants I could say I am dcaing it weekly from that also besides that if theres a retrace in price I also got some altcoins that I converted into bitcoin especially those comes from airdrop campaign.

Bitcoin is a solid haven for investment and likely the one will do a bullish movement prior to alts. But Im an active altcoin enthusiasts.

[BitMaxz]

To be honest, we are currently in a critical zone between $79k and $80k because it is the 50% Fibonacci in the daily time frame, approaching the golden zone at 61.8%.
If you look at the daily time frame, the price range of $79k to $83k is usually where prices retrace, similar to the first quarter of this year.



Either way is risky right now, but from what I've seen since May 1 and the last week, the price has already failed three retests.
These three rejections, in my opinion, indicate that the $80k zone has a strong wall that is difficult to breach. When you look at the volume on May 1st, the price spikes, but it is rejected for the third time.

This is a sign that the price will fall soon; however, if you look at the volume, you will notice more buying volume than selling volume last month and starting this month. So that is why I said either way is risky.

So, if you are trading and do not have a long-term plan, I recommend that you wait for this week.

[goldkingcoiner]

Bitcoin is back near the $80K area again. Last time it struggled here, so this level still looks important.

Price held up quite well after the recent dip, which is a good sign. But at the same time, it hasn’t really broken this level yet, so I wouldn’t say it’s clear direction.

Personally I think we either get a clean break and move higher, or another rejection and some sideways movement again.

Not chasing here, just watching how price reacts !

What are you guys doing at this level? Buying, waiting, or already took profit?

I think we are either going to go sideways for a while then pump or pump soon. I am not "taking profit", especially not near the bottom of a monthly dump. That just sounds counterintuitive and self-destructive. I would rather hodl through a possible dip again than take the chance.

The geopolitical chaos is to blame for the dump anyway. Had Trump caught the bullet with his empty head instead of with his ear, Bitcoin would be at 150K by now.

But that is the way the cookie crumbles...

[passwordnow]

Bitcoin is back near the $80K area again. Last time it struggled here, so this level still looks important.

Price held up quite well after the recent dip, which is a good sign. But at the same time, it hasn’t really broken this level yet, so I wouldn’t say it’s clear direction.

Personally I think we either get a clean break and move higher, or another rejection and some sideways movement again.

Not chasing here, just watching how price reacts !

What are you guys doing at this level? Buying, waiting, or already took profit?

I'm done taking profit past $100k and above. So, right now I'm just casually doing nothing, waiting and buying some more if my budget allows me to. People who monitors the market closely from time to time, they're not yet positioned well or haven't done anything at all. It's best to plan what you want to do and take the advantage if it's in your favor like now the best time to buy. People would wait until it reaches $100k before they buy and will just watch out the price move from $70k to $100k. And will only become active when it reach the higher prices.

[Awaklara]

Personally I think we either get a clean break and move higher, or another rejection and some sideways movement again.

We are still waiting to see how the market will move. The start of this month is quite good, but maybe $80k will not be reached in the first week of this month. We are quite close to $80k, but as we have seen, several attempts to break through that level have resulted only in small corrections back. Hopefully, $80k will be reached this month. Although it is also possible that the opposite movement could happen.

[Jaweria parveen]

Personally I think we either get a clean break and move higher, or another rejection and some sideways movement again.

We are still waiting to see how the market will move. The start of this month is quite good, but maybe $80k will not be reached in the first week of this month. We are quite close to $80k, but as we have seen, several attempts to break through that level have resulted only in small corrections back. Hopefully, $80k will be reached this month. Although it is also possible that the opposite movement could happen.

We have analyzed the market from two perspectives, one is the war theory and the other is the general market conditions. The way the market has been still for the first 3 days of this month and has raised the price of Bitcoin is quite good. I also think the same because the price of Bitcoin will be stagnant this week and it is good in a way when the market price was quite low. If the market reaches the level of $80,000 throughout this month, then it is good luck for us. We want the market to gradually complete its journey but to come to its own price and grow, that is better. At the moment the market is close to this level and only a small pump will take the market past this price. It is obviously with the market, that is why the market falls down and stops.

[YOSHIE]

Bitcoin is back near the $80K area again. Last time it struggled here, so this level still looks important.

In fact the current crypto market situation if they understand it is certainly a profitable trading strategy where you can buy at $78k and sell at $80k in the last few days the market conditions are like that.

For me, the current crypto trading strategy is the spot method, buy the price down, sell the price up, this can be done repeatedly, for this reason there are actually several trading methods that can be carried out in the current market situation, the point is that the current crypto market provides benefits forthose who understand it.

[Odusko]

Bitcoin is back near the $80K area again. Last time it struggled here, so this level still looks important.

Price held up quite well after the recent dip, which is a good sign. But at the same time, it hasn’t really broken this level yet, so I wouldn’t say it’s clear direction.

Personally I think we either get a clean break and move higher, or another rejection and some sideways movement again.

Not chasing here, just watching how price reacts !

What are you guys doing at this level? Buying, waiting, or already took profit?

Depending entirely on the opening position,  if you bought at the lowest price in the last 2 months, then this point could mean profits for you, as a shirt term buyer, but for those that have long term experience and know how the market moves over time, they could be aiming profits to start from any price above $90,000 or even $100,000, butat the point where bitcoin faced alot of resistant in market movement and stocking below $80k for a while, we can only suggest that we apply all risk management and wait for the next market direction for bitcoin for the month of May.

[Alphakilo]

The thing for me is that I can't tell if this is just a bullish trap, but it was an expectation for many of us to see the price go even higher than it is currently. Am seeing it moving up to $150,000 and then to an ATH of maybe $300,000 or more, if things go smoothly before the third quarter of this year.
It's alright to observe still and accumulate more BTC awaiting your expected duration, not rushing to sell off unless this is your expected time for liquidity or diversification.

[Hamza2424]

Not chasing here, just watching how price reacts !

What are you guys doing at this level? Buying, waiting, or already took profit?

Resistance levels have been tested several times now, that is why I also think the price is strongly holding at current levels. Most likely, it needs more of a push, and as MSTR has not bought any BTC this week, that is not good, as we needed that momentum. Also, we are not looking at one more thing, the zone we are hoping it will cross is where most people bought, so they might sell at these ranges because it could be near their break-even point. So, selling pressure is high, one from these people and the second from those who bought lower and will sell now for a profit.

For what it's worth, the most rational approach at the current resistance levels is what you described, and if we are happy with it, we should not react or change anything. Those buying at these ranges must be looking at the short term, but if they are buying for the long term, they are not late to the party. However, short-term traders should use a stop-loss, otherwise, the risk of losing funds here is higher.

[Rengga Jati]

The recent increase in BTC's price hasn't been particularly significant. It's more like a sideways movement. However, this remains an uptrend, with BTC's price moving up, albeit insignificantly.

Even today, the price is hovering between:

Bitcoin

By the way, it's almost at $80k. Let's see if this week's market opener will take BTC above $80k.
Almost there, little to go

[blockman]

The thing for me is that I can't tell if this is just a bullish trap, but it was an expectation for many of us to see the price go even higher than it is currently.

It's hard to know if it's a bull trap or not. It could be a normal recovery and we've just seen the most bearish move that it can ever do for this year has happened quite early. But if this the kind of recovery that it does and we're past with that, I would love to see that. Although the year hasn't ended and there could be a lot of actions that can be seen on the end of the year.

Am seeing it moving up to $150,000 and then to an ATH of maybe $300,000 or more, if things go smoothly before the third quarter of this year.
It's alright to observe still and accumulate more BTC awaiting your expected duration, not rushing to sell off unless this is your expected time for liquidity or diversification.

Let's all wish that you've got some words from above and we'll see those higher highs soon.

[SamReomo]

Am seeing it moving up to $150,000 and then to an ATH of maybe $300,000 or more, if things go smoothly before the third quarter of this year.

What type of analysis helped you to predict the value of Bitcoin? Are you sure that it will reach just $150k or $300k, not $1M or more? Personally, I don't think that it's going to reach $300k this year but anything can happen in the market, however it seems almost impossible at the time to see it at $300k in 2026. To be honest I want it to reach $300k or more this year but let's be real, it's not that easy.

[LogitechMouse]

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Personally I think we either get a clean break and move higher, or another rejection and some sideways movement again.

Not chasing here, just watching how price reacts !

What are you guys doing at this level? Buying, waiting, or already took profit?

Well currently, the price of Bitcoin is around $80,200, and it's just the start of the week.
The question right now is yes, we're around $80,000 price range already, but can we it staying above it today? Now if we see Bitcoin staying above $80,000 today, can we see it staying above it for days or a week?

Bitcoin needs to stay above $80,000 if they want to see it going to higher prices. While I'm not expecting for a more bullish move in the upcoming weeks, of course, I'm not disregarding the fact that the opposite could happen, and we might see things that are a bit unexpected.

What I am doing right now? I'm selling some of my Bitcoins, and also waiting for the price to go down to the lows of $60,000 and possibly $50,000. It could happen, or it could not.

[Powerjumboo]

What are you guys doing at this level? Buying, waiting, or already took profit?

We can see that Bitcoin is currently at $81220. However, due to Bitcoin's volatility, Bitcoin has created a strong position between $79000 and $80000 and even $81000. However, I think Bitcoin will go up from here and probably will not go down so easily. Right now I am moving forward with my Bitcoin. I am not thinking of selling my Bitcoin because my Bitcoin investment is also bought at $100,000 and above $100,000. Overall, I do not want to sell my Bitcoin at this $81000. I definitely want to hold my Bitcoin investment for a long time.

[TheUltraElite]

I think it is testing the waters to cross 85K again. But booking profits should happen beyond 100k USD or at the next all time high. But if you are feeling desperate sell at 90k when that touches.

We should make sure to keep buying point at every stage. If you see the price start dropping, buy at 50k, 40k, 30k in case it drops that much. So when it comes back up, you have multiple levels to sell at.

At least I am hoping I win the prediction contests on the forum.

[Gozie51]

Personally I think we either get a clean break and move higher, or another rejection and some sideways movement again.

Not chasing here, just watching how price reacts !

What are you guys doing at this level? Buying, waiting, or already took profit?

Looking closely on a daily and weekly chart pattern, you will likely be convinced that the market is going to be more bullish in weeks to come and so, no need to panic sell. It is wiser to hodl now than to fear of a dip, the resistance around $70,000 has been broken and that is the reason we are seeing this steady increase since last week. So no point to hurry in selling since the price is starting to increase from down of $60,000. It is time to DCA because the expected volatility from this weekly chart is showing more upward move. However, this is not an investment advise just my personal analysis 

[AakZaki]

What type of analysis helped you to predict the value of Bitcoin? Are you sure that it will reach just $150k or $300k, not $1M or more? Personally, I don't think that it's going to reach $300k this year but anything can happen in the market, however it seems almost impossible at the time to see it at $300k in 2026. To be honest I want it to reach $300k or more this year but let's be real, it's not that easy.

You're right that Bitcoin movements won't be as easy as the person says, so you don't have to believe it Bitcoin price will reach $300K this year. In normal analysis there is no indicator that the Price will reach $300K this year. I think that's just part of an over-the-top expectation. Lol

According to the Price mapping shown by some of the year's highest price indicators of $150K, it does not mean that the price of $150K is definitely reached.
There is also price mapping, the Lower limit is around $44500 for the year. it's all according to the Indicators I use.