$67500 broken, will $82900 be broken

[Oshosondy]

May people that have been saving bitcoin will be happy now and which is very good.

From the daily candles, the strong resistance of $67500 was broken recently with the debt buyback announcement of the United States Treasury, but what about the weekly one? From the weekly, I see $82900 to be another strong resistance if $80000 resistance is not enough.

What do you think?
Will bitcoin increase above $82900?

[STT]

Its human nature to slow down for the finish line, as obvious as that mistake or flaw in the design might be its what happens potentially every race.   In this Bitcoin race  I find it likely we find the old obvious peak prices for May as a place to slow down.  The trace has been very positive but heres the natural finish line for that movement I guess

  Whether we exceed or find 83k as a ceiling may not matter so much as the conclusion in passing and establishing support above 83k.   I imagine we fall back some if Im being honest but Im not 100% sure of how strong this rally is exactly; falling back to lower support would be more normal then smashing through the red tape at full speed with no hesitation.
  Maybe the brief pullback to 75.5k was exactly what Im describing, I would reference how far we've deviated from moving averages for stablity also the yearly average marks these highs now.  That'd be another mission complete type lift off in acceleration.

[adultcrypto]

May people that have been saving bitcoin will be happy now and which is very good.

From the daily candles, the strong resistance of $67500 was broken recently with the debt buyback announcement of the United States Treasury, but what about the weekly one? From the weekly, I see $82900 to be another strong resistance if $80000 resistance is not enough.

What do you think?
Will bitcoin increase above $82900?

Bitcoin have already broken the resistance that have held price for the longest time and which was the hope of people that were short thinking that we were going to see prive below the $57k low, so the referenced resistances are not strong enough to stop the market whose bullish momentum is supported by volume. I'm therefore leaning towards $95k for the short-term and over $100k before the end of the year.

[KingsDen]

May people that have been saving bitcoin will be happy now and which is very good.

From the daily candles, the strong resistance of $67500 was broken recently with the debt buyback announcement of the United States Treasury, but what about the weekly one? From the weekly, I see $82900 to be another strong resistance if $80000 resistance is not enough.

What do you think?
Will bitcoin increase above $82900?

Bitcoin have already broken the resistance that have held price for the longest time and which was the hope of people that were short thinking that we were going to see prive below the $57k low, so the referenced resistances are not strong enough to stop the market whose bullish momentum is supported by volume. I'm therefore leaning towards $95k for the short-term and over $100k before the end of the year.

My question is simple;
From all indications, are we up to 70% certain that we are not going back to the 60k region?

I do not know much about the technical analysis, what I'm asking is that; can we declare those who predicted 45k bottom for this cycle wrong?

Op, how did you get $82,900? You didn't just say 82k, you added 900 to it, making it look so unfailing and sure.

[laspol65]

Bitcoin price is now increasing naturally, it is not a strong bull run. So I can't give any permanent solution or advice, all I can do is guess. Since Bitcoin price has broken the 70k level, it will also move towards 90k dollars. Bitcoin price is more likely to touch above 80k dollars, because now there is more pressure to buy Bitcoin in the market because they have been holding for a long time and are trying as usual to increase their holdings even more.
So Bitcoin price has improved a bit, but this situation is not temporary and long-term so Bitcoin price can collapse at any time.

[Oshosondy]

From all indications, are we up to 70% certain that we are not going back to the 60k region?

It is not certain that the price may not still go back to $60000.

I do not know much about the technical analysis, what I'm asking is that; can we declare those who predicted 45k bottom for this cycle wrong?

This is even still better, some people said bitcoin will go below $30000 which I posted about one on this forum and I called it wrong analyses. I do not think bitcoin is going below $50000 which has been what I have been posting.

I can not say they they are wrong because I can also be wrong at times, but not this time.

Op, how did you get $82,900? You didn't just say 82k, you added 900 to it, making it look so unfailing and sure.

Set the candles to 1 week, it is the 17th candle to the last. Also if you remember when bitcoin increased very well before this time, it was the time.

[philipma1957]

May people that have been saving bitcoin will be happy now and which is very good.

From the daily candles, the strong resistance of $67500 was broken recently with the debt buyback announcement of the United States Treasury, but what about the weekly one? From the weekly, I see $82900 to be another strong resistance if $80000 resistance is not enough.

What do you think?
Will bitcoin increase above $82900?

One day it will.

But we will be lucky to see 80k this month.

[SamReomo]

What do you think?
Will bitcoin increase above $82900?

Bitcoin is already close to reaching $80k level and if somehow crosses $80k value then I think it'll most probably reach or cross $82.9K level as well in short time. After crossing $80k value most of us will regain their faith in Bitcoin and the weak hand investors will start investing once again because of FOMO so I think breaking to even $83k won't be an issue whatsoever.

[Smack That Ace]

Bitcoin have already broken the resistance that have held price for the longest time and which was the hope of people that were short thinking that we were going to see prive below the $57k low, so the referenced resistances are not strong enough to stop the market whose bullish momentum is supported by volume. I'm therefore leaning towards $95k for the short-term and over $100k before the end of the year.

My question is simple;
From all indications, are we up to 70% certain that we are not going back to the 60k region?

I do not know much about the technical analysis, what I'm asking is that; can we declare those who predicted 45k bottom for this cycle wrong?

There is nothing certain in this market. Everything is basically a 50/50 bet. People are just making predictions based on their analysis, and a lot of it is driven by their own expectation. Even if Bitcoin reaches $100k, there is still no guarantee that it will not come back down to $60k right after.

I still remember when Bitcoin quickly reached $80k despite the Iran-US war in June. A lot of people were saying the bottom was in and that we’d never see $60k again. But what happened? We got another new low afterward.

It’s still way too early to say who was right or wrong.

[Dave1]

What do you think?
Will bitcoin increase above $82900?

Bitcoin is already close to reaching $80k level and if somehow crosses $80k value then I think it'll most probably reach or cross $82.9K level as well in short time. After crossing $80k value most of us will regain their faith in Bitcoin and the weak hand investors will start investing once again because of FOMO so I think breaking to even $83k won't be an issue whatsoever.

It has already crosses $80k, which means that we are still having this big momentum moving forward and the next stop could be what the OP might be speculating. We all know that when a round number is broken, what follows is a continuous pump to the next target.

So I think it might still have that money flowing in the Bitcoin market to push it to higher $83k and then see how it goes. I thought initially that this could be a bull trap and we can go higher $77k or even break the round numbers.

But here we are right now so everything is invalidated and a new pattern has clearly emerge.

[Free Market Capitalist]

But we will be lucky to see 80k this month.

 



The way things stand, I really do hope the price breaks through $83K. The next major resistance level would be $100K, which I think will be very difficult to break through again. As always, it can't be ruled out that some event might push the price down a bit and cause the market to panic, leading us to new lows for the year, but that doesn't seem very likely.

[Out of mind]

Looking at the recent Bitcoin market performance, it seems that it is in a very good position and is breaking strong resistance. Looking at the weekly candles, it is possible that the market will change more. We can already see that the Bitcoin market had decreased a little but it has moved higher again. Looking at the market movement, it seems that it will touch $82900 very soon, and if this strong resistance can be broken this week, the market will touch $85k very soon. Today, the Bitcoin market touched $81200, such a performance of the market indicates that it will enter that level according to the next resistance very soon. And I think that the price of Bitcoin this month will rise to the highest level and gradually the market will move towards normal conditions and the price will change quickly.

[jcojci]

As the price reached $81,273 as the highest price according to Bitcoinwisdom.io, we might see another increasing next week so hopefully that will break $82,900.

If you see $82,900 will be the stronger resistance, you can hope that will not change so we will see the next high price. But we should be careful because no guarantee the price will still increases, there is a chance for the price go down.

But the line showing the up trend so the increases could happens.

[Merit.s]

I didn't expect to see bitcoin price pumping like this within one week. I believe that the market is pumping because the resistance of $67500 has been broken and as the price is pumping people are buying out of FOMO which means that the price might continue to pump to $90k, if there isn't any bad news that will affect the price to dip.

I'm happy that I was DCAing all these while that the price was at $60k range. If we don't see $60k range anymore, I have nothing to lose. My DCA continues.

[Awaklara]

Will bitcoin increase above $82900?

Bitcoin's highest price today was around $81k, pretty damn close to the price you mentioned. Though there was a little correction the price did not fall much. The situation is not bad for reaching $82,900. I think if that price can be reached, there is potential for further increases. It might be between $85k-$90k. But let's wait, because there are also discussions about the possibility of a correction occurring after the recent pump.

[boyptc]

What do you think?
Will bitcoin increase above $82900?

Let's give it a yes. It has already reached $80k so why not take that almost $3k increase to reach that price you've given.

It's lovely to see that the market cap has reached $1.6T again and might only be a matter of time that it reaches $2T soon.

I'm happy that I was DCAing all these while that the price was at $60k range. If we don't see $60k range anymore, I have nothing to lose. My DCA continues.

Even the price continues to increase, there's no reason to stop DCAing. We've already seen how effective it is to continue accumulation despite th market situation.

It's harder to accumulate in the next cycles because it will be in a higher price but still, the longer we stay the more understanding of the importance that every price matters for someone who's serious who wants to hold more.

[Oshosondy]

But we will be lucky to see 80k this month.

Bitcoin got to $80000 on some exchanges yesterday, but almost $80000 or some exchanges. It has gotten to $81290 some hours ago which is very good. What we are expecting now is what I think would be the next resistance to be broken.

I'm happy that I was DCAing all these while that the price was at $60k range. If we don't see $60k range anymore, I have nothing to lose. My DCA continues.

I also use DCA to accumulate some bitcoin, but when the pump began, I sold faster than I should have sold, but I still have some bitcoin that I am holding for the next bull run.

[Asiska02]

What do you think?
Will bitcoin increase above $82900?

The current move that have seen Bitcoin achieve another milestone is very close to the $82,900 price, but Bitcoin reaching and crossing that level is highly possible looking at the condition of the market now and how the market is approaching that zone. Positive news like this always does have big impact in the market but they sometimes don’t really last in the effect they have on the market.

This is just one of the uncertain situation that triggers the market even when we are not expecting a bullish sentiment in the market so soon. Whatever the case maybe, it is already a positive news for those holding and they’ll be glad the market continues in this direction for a longer time. For now, the market is beginning to look convincing for a bullish end of the month, but there is no certainty as the effect of the rise in price was brought about by fundamentals in the market.

[Oshio-man]

Based on the movement of bitcoin in this new week, I think it will break into $82k before the end of this month of August because it has increased to $80k before the price decrease a little to $79k this early morning for some holders to use that opportunity to earn income from the market, I have full confident that $90k will be possible in this month of August and it will move a lot of bitcoiners to start supplying their bitcoin to market to earn income that will make them to increase their capital against next bearish market.

[Dr.Bitcoin_Strange]

What do you think?
Will bitcoin increase above $82900?

This week is still in its baby stage, definitely by the end of the week we can see what's more likely to happen. Based on my prediction last week, I said that if price can close above $80k this week, then the trend is likely to continue to $100k . The area which you are looking as the strong resistance zone is already week and price is not showing a sign of back down from that zone.

But we will be lucky to see 80k this month.

Price already got to $81,200 this morning and I think the next attempt to go above that zone will mean reaching $85k, depending if this week will have same bullish momentum as last week.