Quote from: Twinkledoe on Today at 09:49:05 PM

Quote from: BitcoinPanther on Today at 09:34:59 PM

Quote from: RILWAN on August 17, 2022, 08:39:45 PM

Bitcoin market prices have witnessed a lot of resistance and several attempts to make a head up the price of $25k after several weeks of a downtrend, there have been a lot of speculations surrounding the present market situation. But with the right thought and analysis, I am sure if Bitcoin could break the present resistance price moving upward would be that hard anymore.

It isn't the right thought and analysis that fuel the Bitcoin rally. It is the participation of the institution, FOMO-ing of traders and news affect the movement of Bitcoin. So if hype and FOMO is present, I bet that $23k will get eatin easily. Bitcoin had done that for several times now.

There are so many factors surrounding the btc price. And it is the combination of those that you mentioned. Up until now, we can't pinpoint which contributors largely influence the market price. But we are always hoping that it will go up and break a certain level. But before that happens, we should be ready so as not to regret once the price starts climbing up.

We've been too far away if we do compare out into its ATH which we've never been expecting that we would really be going this low into its price.It is playing around 20k+ price
and whenever it do hit up some resistances then this is where its been rejected and would really be going back into its original position which we really failed on breaking that ceiling.
We do need more positive sentiment and news or fundamentals for the price do able to break up with these levels.Rather than making yourself get stressed with these
movements then it would be wise if you do ensure your position so that you would able to utilize these price so that you could make profits later on.