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.

[Nathrixxx]

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.

Very possible that we still go below $75,000 before this month end or by next month as the case may be, bitcoin volatility is incomparable to any other digital assets and that is why we have to always speculate to know the market direction at any given time, this doesn't mean that we are not still going to experience the highest performing rate for the month, but we should always note that the season is more predominant upon any performance we see happen, and that is why this already signified that we continue in the bear season.

[UpTober]

If we try to review the market changes from the investor's perspective, it is clear that the current market position and its changes are normal and we, the investors, are not very disappointed with these market changes. Now a trader may be thinking differently about this market position and changes and they are trying to buy and trade again. Since I buy Bitcoin continuously, the change in the price of Bitcoin is not a subject for me, but whether I can ensure continuity is the subject for me. If the market I bought this week increases or decreases in the coming week, then I will buy, so I am not worried about the market changes and am observing the market changes with sufficient patience.

[Bitcoin_people]

We can see that the recent Bitcoin price has fallen to a low of $73,500, although it is currently in the $75,000 range. However, I think the market is a bit weak at the moment. It does not seem strong. It does not seem stable in the way it has fallen in stages. However, many people think that the Bitcoin price increased a lot a few days ago around the elections in the United States, which is currently affecting the price, and there are also cases of hacking. If institutions and companies invest more heavily in Bitcoin, the market will stabilize and become stronger. Many are waiting for the Bitcoin market to rise further, while many are waiting for it to rise higher, but I will definitely be patient in this situation, especially with the investments I have. However, we can hope that the Bitcoin price may remain somewhat stable this month and may rise higher later.

[Hewlet]

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

We are a seeing a rapid rally from $85k down to $75k within a short period of time. that definitely is a serious DIP considering how fast it took us to go this down. this range of prices is weak for most investors as we are more interested in seeing bitcoin go above the $80k's and to even show sign that it will get back to $100k by the time we are going into 2026.

We opened the year with bitcoin revolving around the $86k ish, from what is the case as things stands now, there are no better indicator that shows that we are going into 2027 with a huge positive difference from what was the case early this year and that is a major concern.

[Mrbluntzy]

How are you looking at this market?

I am bearish, the market is not showing any strength to start moving up yet, it has maintained a down trend movement since the 5th of October 2026 till now and all the incident that have played out lately did not just show an effect on the market immediately it they happened but gradually it's playing out and price might continue to go down until it gets to $68k or even  $62k, because at this point, there's not strong zone that will hold price from falling unless the $60k zone.

[jossiel]

We opened the year with bitcoin revolving around the $86k ish, from what is the case as things stands now, there are no better indicator that shows that we are going into 2027 with a huge positive difference from what was the case early this year and that is a major concern.

The pattern of the cycles that bitcoin goes through still being followed. After this year of bear market, it's sluggish for 2027.

But it will not surprising if there's a sudden change for what we're expecting next year.

All eyes on Nvidia right now, I'm not sure if there's a huge difference that's coming from there but just as how bitcoin's plummeting right now, its stock is also going down.

[Ndabagi01]

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.

Let’s just accept that the market was suppose to be trading in a bearish direction now and that’s why we are seeing the market going in this direction. The bearish sentiment in the market even in the midst of all the news can indicate a strong support for a bearish market because the bullish market has been over for a while now. The market may have reacted to some news in the past but that doesn’t mean that it will recover back and just go bullish when it is get to finish its bearish times in the market. The bearishness of the market doesn’t even bother me as much as I anticipate not a bullish market in this year again.

[Berry2d]

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?

This unpredictable nature of bitcoin is one advantage it has over other crypto currencies. If not for the strength of bitcoin its price would have experienced rapid retardation because of this series of circumstances that has surrounded it within this few times.
Just after the  binance incident,  now informations on the withdrawal of assets from some big investors, although the withdrawal information have not been fully verified but yet there is not significant impact launched on bitcoin which means its possible of regaining full consistency in sure and certain before the end of the year or possibly at the beginning of next year.

[alastantiger]

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?

I am still doing what I have been doing since the start of the year which is to keep accumulating Bitcoin until I have reached my desired amount to hold, nothing happening to the market is my concerns and if the market can fall more then I will like it because it gives me more advantage to accumulate cheaper Bitcoin but if the market decided to pump back up then I will be glad as well and this is what I think will happen soon because the market is not looking too bearish for me. The drop in price has a reason and it did not just happen out of nowhere. From my observation, its just a corrections that is supposed to happen and not because the market is becoming bearish. For now we should just wait for a confirmation before taking any decision of trading, that is my suggestion.