Bitcoin around $80K level again

[Perfectbaby]

Not chasing here, just watching how price reacts !

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

Whenever the price of Bitcoin dropped it usually gives investors, traders the new opportunity to accumulate more to their portfolio same is applicable to those who are holding and expecting the price to increase so that they could easily have some good take from the market. There are people who are looking at some interproximal space to hold Bitcoin especially when they have gained their percentage they are looking out for it Make easier for them to take profits and wait for the market to bounce back again so that they could recycle again.

[Bitcoin_people]

Compared to last month, the price of Bitcoin has changed a lot this month, which we have already seen and Bitcoin has taken a position in the $80k area. What we are currently seeing is that the market position is very good and it is more likely to rise higher. The market is not entering below $80k now. In that case, we can hope that the price of Bitcoin may change more in the coming days. Personally, I think that since the market has broken the $80k level, it will definitely be a positive market and Bitcoin will move towards $90k very soon. The way the market is growing, I think there is no opportunity to wait, rather, we should buy now and hold it and sell when the market enters the high.

[SilverCryptoBullet]

Compared to last month, the price of Bitcoin has changed a lot this month, which we have already seen and Bitcoin has taken a position in the $80k area. What we are currently seeing is that the market position is very good and it is more likely to rise higher. The market is not entering below $80k now. In that case, we can hope that the price of Bitcoin may change more in the coming days. Personally, I think that since the market has broken the $80k level, it will definitely be a positive market and Bitcoin will move towards $90k very soon. The way the market is growing, I think there is no opportunity to wait, rather, we should buy now and hold it and sell when the market enters the high.

It looks like Bitcoin market becomes stronger and no longer sensitive with war news but if it is truly like this, will something strange happen with this market cycle?

Like the bear market will finish sooner than all other previous market cycles like the ending can be in 2026 year and not prolong till 2027 year ending. It will help Bitcoin recover from bear market months sooner than what happened in past cycles, and possibly help it reaching new all time high before a halving in 2028 again.

I don't know and I don't bet on that chance too, but I will continue focusing on my portfolio, accumulating more satoshis as I can. $80k will be very cheap price when Bitcoin makes new ATHs next cycle in 2028, 2029, and it's just two or three more years while time flies very fast.

[pawanjain]

Bitcoin recovered from the recent dip quite sooner. At $72k, I was wondering how long will it take bitcoin to go back above $100k.
Right now it has hit $80 which is kind of a relief since this signals imminent pump in price and if it continues at this pace then we might go back above $100k in next few months.
The real target is a new ATH price though. I believe bitcoin will definitely cross above $150k. Just waiting for it for the time being.

[Adams0001]

Compared to last month, the price of Bitcoin has changed a lot this month, which we have already seen and Bitcoin has taken a position in the $80k area. What we are currently seeing is that the market position is very good and it is more likely to rise higher. The market is not entering below $80k now. In that case, we can hope that the price of Bitcoin may change more in the coming days. Personally, I think that since the market has broken the $80k level, it will definitely be a positive market and Bitcoin will move towards $90k very soon. The way the market is growing, I think there is no opportunity to wait, rather, we should buy now and hold it and sell when the market enters the high.

Every month bitcoin price is just changing frequently and that is why we shouldn't be waiting for the price to drop before investing anytime you think you're capable of investing you should just invest and do the needful because bitcoin is volatile and no one can predict the market. Just invest and wait for your target and achieve profit for long term.

 Many people have says that bitcoin price will decrease to 50 to $40k last month but now the price as pump to $80k do we shouldn't be listening to others opinions always we need to used our mindset and get believe in what where're doing. Am sure many people are interested to invest in bitcoin but with how the price is now some are scared to invest and bitcoin if you're scared to invest you can never get what you're chasing.

[savetheFORUM]

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.

Overall sentiment for this year must still be bearish, so you can be right with that, when you say that this is only just a 'bullish trap'. In fact, the increase is even small for it to be called as a bull run.

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.

In fact mate, $150k was already an ATH since I think we haven't reached it yet last time but our last time's All Time High must only be at $130k something. $300k was also an ATH but this one is much unrealistic than $150k at least on the current year. Even if we successfully hit $150k, $300k may still not come quickly but the price can now correct or experience a bear market first and then we will still need to pass other lower price than $300k as our next All Time High.

[alastantiger]

Bitcoin recovered from the recent dip quite sooner. At $72k, I was wondering how long will it take bitcoin to go back above $100k.
Right now it has hit $80 which is kind of a relief since this signals imminent pump in price and if it continues at this pace then we might go back above $100k in next few months.
The real target is a new ATH price though. I believe bitcoin will definitely cross above $150k. Just waiting for it for the time being.

Bitcoin price has been trading around 80k dollars and this has continued for some time now but with this upward movement still I am not convinced that the price of Bitcoin can pass100k, Bitcoin getting to 100k will mean that we might be entering into a boom market again which does not look possible because the current market that we are in is pointing towards a beer market instead of bull. The reaction from the war that is ongoing at Iran between the US and them is definitely affecting the market and this is making the price to continue to fall but even though the war ends it will only send a small shockwave that may make the price of the market to increase a little bit but this does not mean the market is going to increase that much to the extent that will surpass the previous all-time high. I don't see the market going to 100k but instead I see the market hitting some resistance very soon and maybe falling.

[Finestream]

I don't think the price is already stable enough. Most likely, the current price will drop again any time but I don't think it could go lower than its previous drop. So I'll just keep doing DCA whenever I can while the price isn't that expensive yet, because once it will hit $100k again, my prediction is that it will continue to rise more and goes to the moon, until another all time high will be achieved.

Bitcoin does not not stay at its low price, this is just temporary. Bitcoin price is destined to grow higher than this, not settle at a low price.

[monetizator4]

Fair enough, but given the recent volatility and market sentiment, it's hard to call it stable. DCA makes sense for long-term players, though quick dips might be tough to stomach. Keep an eye on key support levels, if broken, a retest of lower lows could happen. But yeah, $100k feels like a psychological milestone that could spark more bullish behavior

[TheUltraElite]

80k is difficult to cross, price is back to 79k today and this shows the bears are selling and the bulls are not able to keep up. We will see this correction happen for some time after which it might be able to cross once the selling pressure decreases.

The economic situations around the world are not good and probably they are leading to this selling pressure. But whatever be the reason, sideways trading is happening. I would rather hold at this point and not buy anything new till we see better up/down trends.

[dwyane36]

80k is difficult to cross, price is back to 79k today and this shows the bears are selling and the bulls are not able to keep up. We will see this correction happen for some time after which it might be able to cross once the selling pressure decreases.

The economic situations around the world are not good and probably they are leading to this selling pressure. But whatever be the reason, sideways trading is happening. I would rather hold at this point and not buy anything new till we see better up/down trends.

Looking at the current BTC chart, I honestly expect that long squeezes may occur in the foreseeable future, as this is indicated by the fact that the price of BTC has been rising since February, while trading volume has been gradually declining and OI has been rising along with the price. This means that a lot of people are trading with leverage right now, which isn’t really a good thing because sooner or later, the accumulated long positions will get liquidated.

[free-bit.co.in]

The economic situations around the world are not good and probably they are leading to this selling pressure. But whatever be the reason, sideways trading is happening. I would rather hold at this point and not buy anything new till we see better up/down trends.

The global economic situation has been poor for quite some time and to be precise, ever since Trump was elected. That is not the reason why bitcoin dropped below $80k.

In my opinion, what is happening is just market volatility, and the bear market is not over yet. Therefore, it is no surprise that Bitcoin consistently struggles to reach higher levels.

In the long term, any time is a good time to buy Bitcoin.

[tygeade]

This is not too bad, I think it's quite good that we are around here and not moving too much. We are not going down too much but we are not going up too much anyhow and we are basically stagnant here. It's good that we got stuck here because going up this high was not as per 4 year cyclic nature and it's good that we are not going down.

I predicted that if we go up to 80k, it would be temporary and we would show some fall again before making another high. Right now, market is struggling to break the resistance around 84-86k levels which means we may test 74k level again. As long as we are not making lower lows, we are good and making higher highs are highly possible. The current stagnant market condition must be a sign of that we need another triggering news when that is not happening, market will go down and gain power to come up to break the resistance.

[VashaUdacha777]

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

Hey.

Bitcoin didn’t really get the chance to push higher — looks like the dollar strengthened overnight. It actually started rising suspiciously since yesterday evening, and as a result metals and all the majors took a hit too.

Maybe it’s somehow related to the Xi–Trump meeting, that’s one possible explanation, since there weren’t any other major events. Although earlier we saw a quick upward impulse here as well, but now it’s already fading. Crypto clearly does its own thing and often doesn’t move in sync with the dollar or other assets.

Still, this dollar spike probably won’t give much fuel for growth here. On the contrary, it kind of kills the bullish mood from yesterday. Most likely we’re heading back into a range, with pretty clear boundaries.

And right now we’re already moving toward the lower edge of that range. So yeah, that candle looked solid, but it doesn’t really reflect the real situation. Chances of further downside are quite high. Next target would be around 78,800, and I think we could reach it even today.

[Leahized]

I don't think the price is already stable enough. Most likely, the current price will drop again any time but I don't think it could go lower than its previous drop. So I'll just keep doing DCA whenever I can while the price isn't that expensive yet, because once it will hit $100k again, my prediction is that it will continue to rise more and goes to the moon, until another all time high will be achieved.

Yes today is in a better condition than yesterday and it is standing at around 81 thousand. Now bitcoin is not very stable, not even much volatility. This is the best time to invest and if you have invested before last two months,Then you are definitely in profit. So DCA will not be much needed. But it is certain but not possible to say when bitcoin will reach 100k and what will happen next. I want bitcoin to go into bull season.

[EarnOnVictor]

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

At this point, I'm taking it easy with Bitcoin; it will not be easy to predict the next path, but I hope it's not what I'm thinking. If what I'm thinking happens, then it means that the help rendered by the monthly chart's EMA50 has fulfilled its course and a bearish rekindlement is possible.

From $65,650, the 50EMA did a great job in sending the bullish wave back to the market, but it seems that has lapsed now, and if Bitcoin did not close above $80,000 this week, some adverse conditions could further creep in that might give the sellers some upper hands.

But now, the market is holding on well, and I'm neutral in the medium-term scope.

[fuguebtc]

I don't think the price is already stable enough. Most likely, the current price will drop again any time but I don't think it could go lower than its previous drop. So I'll just keep doing DCA whenever I can while the price isn't that expensive yet, because once it will hit $100k again, my prediction is that it will continue to rise more and goes to the moon, until another all time high will be achieved.

Yes today is in a better condition than yesterday and it is standing at around 81 thousand. Now bitcoin is not very stable, not even much volatility. This is the best time to invest and if you have invested before last two months,Then you are definitely in profit. So DCA will not be much needed. But it is certain but not possible to say when bitcoin will reach 100k and what will happen next. I want bitcoin to go into bull season.

Bitcoin never stays still and it can rise or fall whenever it want. Do not jump to the conclusion that the market situation is better than yesterday just because the price surged to $81k
If you check the market, Bitcoin is currently trading at $79k

DCA is always right and necessary if your goal is long term and to accumulate as much bitcoin as possible. Because there is no guarantee that we will still have the opportunity to buy bitcoin at the current discounted price.

In the end, we all want Bitcoin to enter a bull season. However, the market does not move according to our expectation, it has its own path.

[WatChe]

Yes today is in a better condition than yesterday and it is standing at around 81 thousand. Now bitcoin is not very stable, not even much volatility. This is the best time to invest and if you have invested before last two months,Then you are definitely in profit. So DCA will not be much needed. But it is certain but not possible to say when bitcoin will reach 100k and what will happen next. I want bitcoin to go into bull season.

Looking at current price of Bitcoin, it looks like ideal time to buy Bitcoin was when it was under 70k. This is very normal thing with Bitcoin that people buy more and more when price is high and sell when price goes down. It looks like there is strong resistance at 80k at the moment which Bitcoin has to break in order to make it to 90k or 100k. The end of US Iran conflict and appointment of crypto friendly chairmen of FED i.e. Kevin Warsh are few factors that can take price of Bitcoin to new heights. 

[dansus021]

The 6% PPI inflation print and the spike in bond yields this weekend gave the market a cold shower, but the fact that Bitcoin dominance is holding strong at 58.24% tells me the structural bull case isn't broken. The big institutions are likely using this dip to build more size, while retail is panic-selling.

My take Definitely not chasing longs here. In my opinion is still to risky and bitcoin just today reached 78K level and I hope weekly candle still above 80K and above 75K level I dont want a dead cat bounce type shit happen. But if you do spot well this still fine dont go all in.

[yudi09]

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

Not chasing here, just watching how price reacts !

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

There isn’t much to expect in terms of an upward movement. Instead of moving sideways, the chart is trending downward.
The second week has ended, and we are now in the third week of May. Over the past two weeks, the price chart was only slightly more encouraging in the first week, but you can see for yourself how the chart is shaping up now.

It’s still a buying opportunity given the current market conditions. Hopefully, this situation can persist for those who are still trying to accumulate Bitcoin regularly.