Quote from: Edwardard on Today at 04:43:43 AM

Quote from: Remiscoin5 on February 23, 2023, 05:13:18 PM

Does it mean that bitcoin price will not go up more than this again?

Personally speaking, I think btc could get range bound for a while and then again start to move up. We do have a death cross in the weekly timeframe which is the only concern to me and the traders (hence the back to back rejections from 25k since last few days/weeks). If you want to trade this safe, I'd say buy everything the moment it sustains above 25k in one 4hourly candle. It will be a free ride to 30k despite any bad news after that, believe the TA Wink

That type of "stuck" movement where it goes up and down between the same prices basically shows that we are getting ready for another movement. I would guess that its not going to end up being that much of a trouble in the long run, but for the time being I am not seeing it moving incredibly high today or tomorrow, it will take a while. Let it settle here for a while, and then the wall we have in front of us will melt all by itself just because we are too close to it, it was easy to build that when we were at 16-17k range, but when you are at 24k it will be harder to keep selling at that level, so it will be gone and then we can move up easier.