Quote from: mirakal on Today at 02:35:07 PM

Quote from: ibuddy122505 on Today at 02:15:07 PM

Quote from: CapGelatik on May 27, 2021, 07:37:50 PM

at time frime weekly Bitcoin price looks good and stays at $ 30k when the bottom happened a few days ago,
and it has proven that the strongest support is there, now it's recovering and touching $ 40k again,
if It can trade above $ 40k I think Bitcoin price will be heading down to $ 45k after that to another $ 50k

Next barrier is $38,000 before Bitcoin reaching $40,000 but Bitcoin still trying to break this resistance. There is not a clear picture whether BTC break the $38K and hold above it. The market scenario quite bear right now and seems like won't change soon. Till then we have to hold our breath, waiting for more confirmation.

Agree with that, it's bearish already and we are not anymore seeing a huge pump as we saw during the first 3 months of the year. The correction might continue until the end of the year, and that would mean the price of bitcoin will go down below $30k which is a good buying opportunity again.

We will never know how low it will dip, but $20k below is still possible.

I agree, it is still early to speculate market price but the data points the bearish market patterns. In few months, the clear direction of trend will be known so the chances of buying low is high. The BTC dominance rate also going up, the short squeeze will happen on altcoin markets, Imo.