Bitcoin Analysis

[marco_mmbiz]

Nobody knows what will happen next. It's summer time, so we'll most probably see this range (28k-41k) going on until maybe August or September.

 

[RahmanSL]

Don`t take it personal but can you say what`s your age?

Much older then you my dear!

 

[RahmanSL]

Nobody knows what will happen next. It's summer time, so we'll most probably see this range (28k-41k) going on until maybe August or September.

Yup...like all things in life, only time will tell what will happen to Bitcoin and other cryptocurrencies. Without any central control and responsibility, the future of cryptocurrencies depends largely on the trust that people have on them.
As demonstrated by Elon Musk and other individuals, manipulation by powerful & influential people is relatively easy with their positive or negative statements & tweets.
I, like many others, too have made money from trading Bitcoin, but I would not hold Bitcoin or any cryptocurrency for any length of time.

 

[bigbax699]

Hope everyone's having a good weekend. The crypto markets never close and this weekend I thought my SL was going to be hit. But yet again this demand zone is holding strong. I would like price to break through this secondary trend line now to be confident in a move upwards. Again I say my opinion is this is the bottom. I could be wrong but if I am correct then we get rewarded. even if we drop through we just get to buy at cheaper prices. Let me know your thoughts below. GLIYF

 

[FriendlyFX]

I wonder how much Crypto the US government has?

 

[bigbax699]

Good morning all, hope your trading week has gone well. Just updating quickly today on the Bitcoin buy position I took. Price is currently hovering above my entry area. Is the current price action another signal to buy with the break and retest? Only time will tell. One thing we can see is that the current demand zone has been tested multiple times and held strong. I'm holding strong on my thoughts we have seen the bottom. Hold for now if you took it. GLIYF

 

[ForexWarrior2020]

Its in such a strong zone at the moment if it breaks this we're going much lower so will be watching the reaction for sure

 

[RahmanSL]

I do trade Bitcoin but sporadically and only during weekend when other markets are closed for trading and, fortunately, have made some money too.

According to a report I came across:
Results from the recently conducted CNBC Quarterly Survey revealed that institutional asset managers believe Bitcoin will decline below $30,000 by the end of 2021. The survey asked institutional asset managers “where will Bitcoin be by the end of 2021”?, providing $30,000, $40,000, $50,000, and $60,000 as options.
Precisely 44% of respondents said that BTC would dive below $30,000, while 25% said the cryptocurrency would reach $40,000 by the end of the year.
According to the survey, 25% of the survey participants believe that the top coin will increase to $40,000, with another 25% predicting that the cryptocurrency will top $50,000 by the end of the year. The remaining 6% are the most bullish, stating that BTC will climb $60,000 by the end of 2021.

I belong to the 44%!

 

[marco_mmbiz]

Yup...like all things in life, only time will tell what will happen to Bitcoin and other cryptocurrencies. Without any central control and responsibility, the future of cryptocurrencies depends largely on the trust that people have on them.
As demonstrated by Elon Musk and other individuals, manipulation by powerful & influential people is relatively easy with their positive or negative statements & tweets.
I, like many others, too have made money from trading Bitcoin, but I would not hold Bitcoin or any cryptocurrency for any length of time.

Are you talking with yourself? Are you a FUD- & FOMO-bot, or why are you repeating yourself again and again and again on this simple 'BTC analysis' forum?

I do trade Bitcoin but sporadically and only during weekend when other markets are closed for trading and, fortunately, have made some money too.

According to a report I came across:
Results from the recently conducted CNBC Quarterly Survey revealed that institutional asset managers believe Bitcoin will decline below $30,000 by the end of 2021. The survey asked institutional asset managers “where will Bitcoin be by the end of 2021”?, providing $30,000, $40,000, $50,000, and $60,000 as options.
Precisely 44% of respondents said that BTC would dive below $30,000, while 25% said the cryptocurrency would reach $40,000 by the end of the year.
According to the survey, 25% of the survey participants believe that the top coin will increase to $40,000, with another 25% predicting that the cryptocurrency will top $50,000 by the end of the year. The remaining 6% are the most bullish, stating that BTC will climb $60,000 by the end of 2021.

I belong to the 44%!

The only thing this report from CNBC says is:

6% are for 60k+,
44% are for 30k-,
50% are for 40k+.

Concerning my entry points at 6, 9, 11, 20, 30, 40 and 50k I can live with all those bigger dips. Buy and hold on long-term (10+ years).

Ask yourself why 44% of the asset managers would like to see BTC below 30k again (we've already been there in January and in June 2021 btw. (27.5-28.2k in January and 28.2-29.0k in June))... They all want a better entry for their digital (e.g. crypto) assets. They're all waiting for the ETFs in the USA to start. And as long as they wait they want lower BTC-prices, of course. Even big asset managers have FOMO (fear of missing out) at the end.

 

[ForexWarrior2020]

Completely agree they want to buy in again at a lower price