Quote from: Kemarit on Today at 01:00:53 PM

Quote from: Sophokles on October 22, 2023, 07:35:53 PM

Quote from: adultcrypto on October 22, 2023, 03:48:22 PM

This is a nice observation and projection and I agree with you completely. Bitcoin is already showing some willingness to remain above $30k as it appears the regime of below $30k is gone. It will be interesting to see Bitcoin reach $45k and when it does, then the 2015-2016 price profile is conformed and that will form the premise for aggressive buying.

Now it's below 30k again. Usually after three months of bitcoin in its previous year of halving, it remains bulish. We saw some negativity in our previous month but from this month until the end of the year bitcoin price can remain positive and if bitcoin can stay above 30k for few weeks it will work as a support for the bitcoin price. 30k seems hard for bitcoin to cross and hold.

It did stay above $30,000 now and it seems that we will make a break out run as the next barrier is $32,000. And just like that we are back into business again. I mean everyone is speculating that at least in the next months or so, or end of the year, $50,000 will be the target price. It's still a lot but who knows, we are talking baby steps, volume seems to be going up as well and most likely the overall sentiments of investors are very positive.

So testing $32,000 is a big probability, and it we did, then we could build a momentum till December.

Basing up on technicals then that next resistance would really be $32k and once we do able to break out then $35k would be most likely but of course we should really be not denying the possibilities that corrections could happen back on $28k which im already anticipating for some pullbacks or corrections considering on how much we had increased recently. We arent still on halving season yet which these pumps are really that normal.
If you have been able to buy on 26k then it wont really be that bad on making some assured profits or sell into this point but well it would really be giving out that kind of hesitation considering that we are thinking that the price might rally even more and this what hesitates us on making such move. It is really just that good to see again that the market does have that green movement.Its been a while yet we've been doing some sideways for too long months.