Post
Topic
Board Speculation
Re: Bitcoin current stage and price
by
rhodelmabanal
on 22/08/2021, 09:00:52 UTC
Now I can say that you are speculating it right, the price of Bitcoin had surpassed already at $45k, currently near to reach $50k. I see the market resistance keeps on pushing high and not only for Bitcoin but also into major altcoins. I was thinking now for another ATH record before year-end. Maybe I was wrong or right but still, I'm going to hold some of my cryptos while selling some for assurance. We couldn't deny the volatility of the market so it was good to secure some funds.
There is high resistance at the $45k-$47k level. The best thing is to see the bitcoin price not falling too much under $45k. I am expecting the price to reach $50k by the end of the summer hopefully, otherwise I am always afraid with price stagnation between September and mid November.. before jumping again to a new record tho

very long resistance looks like it's been a few days bitcoin is still resistance at some point and never goes up much and never goes down much between $44k and $46k. this keeps analysts busy predicting market prices whether the market will go up or down again at $43k. so it seems confusing. I myself am very difficult to make decisions at this time in the transaction.
Well it is not only you who are having a hard time to make a decision, the market is really risky at this point of time and we need to be careful on making a decision. For now I am still waiting and collecting signals and I prefer buying on some altcoin that is still cheap and sell if the price rise, we need to grab every opportunity that comes because ones the bitcoin comes down, Alts generally lose Bullish momentum.