Bitcoin Around $75K: Is the Market Waiting for a Direction?

[Nexta]

Bitcoin is trading around $75K right now. BTC is starting to consolidate after its latest drop however we're still seeing signs of a weak market.

The Fear & Greed Index is showing us we're currently in fear territory and recent ETF outflows are demonstrating we're still not seeing strong demand from institutions.

However it seems like there are those who are looking for a bounce in the market and those who are waiting for stronger confirmation.

Overall I think this is a time to take your time. If we see strong volume picking up then this could be something to watch.

How are you looking at this market? Are you slowly building up some exposure here, waiting for confirmation or staying on the sidelines?

[Fiatless]

How are you looking at this market? Are you slowly building up some exposure here, waiting for confirmation or staying on the sidelines?

The drop in crude prices due to Trump's recent claim that attacking Iran is highly unlikely might cause inflation to drop slightly. This might result in ETF inflows. This might be another empty promise by the US, so nothing is certain. 

I am always accumulating using a DCA strategy. So, regardless of the direction of the market, I am buying consistently.

[tabas]

BTC is starting to consolidate after its latest drop however we're still seeing signs of a weak market.

What's this weak market? it's not weak, it dumped but that doesn't mean that it's weak. It's still doing good with the price that it has got right now. Binance hack, ledger tampering, US elections result and others should have influenced the retailers and the market largely but I consider $70k and above still a strong sign for bitcoin.

How are you looking at this market? Are you slowly building up some exposure here, waiting for confirmation or staying on the sidelines?

No need to wait for confirmation if the goal is long term holding.

The drop in crude prices due to Trump's recent claim that attacking Iran is highly unlikely might cause inflation to drop slightly.

It can also be due to the opposition winning the house and the senate which is against the Iran war.

[Davidloki]

How are you looking at this market? Are you slowly building up some exposure here, waiting for confirmation or staying on the sidelines?

Bitcoin trading at $75k with all the news surrounding it about the bitcoin ETF investors withdrawing money and other US controversies shows that it holds a strong ground for a bullish run before the year runs out. Even with the recent binance hack incident, the effect on bitcoin was slightly noticed.

What is giving bitcoin the price resilience in the midst of compounding bearish news and announcements?

[Oshosondy]

However it seems like there are those who are looking for a bounce in the market and those who are waiting for stronger confirmation.

Anyone that really want to invest in bitcoin should not wait for anything than buying bitcoin now. No need to buy bitcoin at once if you are unsure of the price, such people can DCA.

How are you looking at this market? Are you slowly building up some exposure here, waiting for confirmation or staying on the sidelines?

I think the price of bitcoin might still fall, but with the price bitcoin is at right now, it is very difficult to know what will happen next. Only what can be done is to wait and get a confirmation on the chart and from fundamental analysis.

[cryptomaniac_xxx]

Bitcoin is trading around $75K right now. BTC is starting to consolidate after its latest drop however we're still seeing signs of a weak market.

The Fear & Greed Index is showing us we're currently in fear territory and recent ETF outflows are demonstrating we're still not seeing strong demand from institutions.

You can't say that we don't have any demand from institutions, they might have slow down though.

However it seems like there are those who are looking for a bounce in the market and those who are waiting for stronger confirmation.

Depends, if you are here in the long run, then why wait when you can buy Bitcoin at at discount price of $75k? Only smart investors knows this and might have been taking advantage of it already.

Overall I think this is a time to take your time. If we see strong volume picking up then this could be something to watch.

How are you looking at this market? Are you slowly building up some exposure here, waiting for confirmation or staying on the sidelines?

Yes, continue to do DCA or at least buying every week with money than I can afford to lose. Not waiting for any confirmation as I'm looking at the bigger picture.

[Showlove01]

Bitcoin is trading around $75K right now. BTC is starting to consolidate after its latest drop however we're still seeing signs of a weak market.

The Fear & Greed Index is showing us we're currently in fear territory and recent ETF outflows are demonstrating we're still not seeing strong demand from institutions.

However it seems like there are those who are looking for a bounce in the market and those who are waiting for stronger confirmation.

Overall I think this is a time to take your time. If we see strong volume picking up then this could be something to watch.

How are you looking at this market? Are you slowly building up some exposure here, waiting for confirmation or staying on the sidelines?

People only get to worry so much about what the market is doing or what the market will do when they are trading it or when they have a short term target but if you are holding for a long period of time, what the market is doing now or will do later won't give much concern because you know after everything it will start going up. So, if you are so emotional, i would advise not to trade bitcoin or gamble it because it can really do  some crazy shit and you can be tempted to sell at loss if you can not bare it.

[Free Market Capitalist]

BTC is starting to consolidate after its latest drop however we're still seeing signs of a weak market.

What's this weak market? it's not weak, it dumped but that doesn't mean that it's weak. It's still doing good with the price that it has got right now. Binance hack, ledger tampering, US elections result and others should have influenced the retailers and the market largely but I consider $70k and above still a strong sign for bitcoin.

It doesn't look like a weak market; it looks like almost all the weak hands have already sold. At the beginning of the year, I was expecting lower lows for this year, but given how things have played out, I think we've already hit those lows, and while I wouldn't rule out a drop to $65K–$70K, I don't think it will go much lower than that.

[Jaweria parveen]

Bitcoin trading at $75k with all the news surrounding it about the bitcoin ETF investors withdrawing money and other US controversies shows that it holds a strong ground for a bullish run before the year runs out. Even with the recent binance hack incident, the effect on bitcoin was slightly noticed.

The news that happened last month and a few days this month has had a significant impact on Bitcoin and has pushed Bitcoin down to $8,000. If some other things continue to go wrong for Bitcoin, we can see the market go down even further and I think that Bitcoin will remain in the same $10,000 (70,000$ to 80,000$ ) range this month. Because it will not go up anytime soon and there will be some more bad things in the January in 2027 due to which Bitcoin may go down even further. The way we saw Bitcoin’s price go up in the last two months, this one hacking has brought Bitcoin to this point. For Bitcoin to improve significantly now, geopolitical issues will have to subside, only then will Bitcoin be able to overcome these obstacles.

[Livingleged]

Bitcoin trading at $75k with all the news surrounding it about the bitcoin ETF investors withdrawing money and other US controversies shows that it holds a strong ground for a bullish run before the year runs out. Even with the recent binance hack incident, the effect on bitcoin was slightly noticed.

What is giving bitcoin the price resilience in the midst of compounding bearish news and announcements?

Personally I think the bitcoin resilience is coming from the fact that its market isn’t controlled by some groups of investors. Even when the ETFs investors ate selling, there are still individuals long term holding who are willing to buy. I saw new about even micro strategy buying more to this position at the end of last month. so I guess that’s where the resilience is coming from.
Also the bitcoins limited supply, and global market that actually makes it different from the traditional asset is another factor, and lastly the recent hack on one of the biggest exchange doesn’t mean bitcoin it self was the one that was compromised and people clearly knew that and didn’t panic.

[tabas]

BTC is starting to consolidate after its latest drop however we're still seeing signs of a weak market.

What's this weak market? it's not weak, it dumped but that doesn't mean that it's weak. It's still doing good with the price that it has got right now. Binance hack, ledger tampering, US elections result and others should have influenced the retailers and the market largely but I consider $70k and above still a strong sign for bitcoin.

It doesn't look like a weak market; it looks like almost all the weak hands have already sold. At the beginning of the year, I was expecting lower lows for this year, but given how things have played out, I think we've already hit those lows, and while I wouldn't rule out a drop to $65K–$70K, I don't think it will go much lower than that.

The same as you, I was expecting that there will be more of the bottom and lower than the $58k price. But those price ranges that you've said are the safe zone that we probably won't be seeing as soon as possible. As we get close to the end of this year, if it stays above $70k then that should give us sort of a guarantee that we're already done with those lower prices and the bear market. That's why I don't think that the market isn't weak but, you're right that the weak hands have prolly sold.