Thread: Bitcoin

I think bitcoin will reach the $40,000 bar again and go down. Bear market

Yeah, I can see $40,000 again, but from there is the question. Yes, that still looks like a big bear flag, but triple bottoms that hold can be pretty solid lows.

Originally Posted by tsptalk

Yeah, I can see $40,000 again, but from there is the question. Yes, that still looks like a big bear flag, but triple bottoms that hold can be pretty solid lows.

Good point. Totally agree with the triple bottoms. We'll see what happens in the next two weeks. My altcoins have fallen completely, especially matic

I think bmneveu alluded to this back a few posts...

Bitcoin mining is now easier and more profitable as algorithm adjusts after China crackdown

More than 54% of bitcoin’s hashrate, which is the collective computing power of miners worldwide, has dropped off the network since its market peak in May.

The bitcoin code has re-calibrated to make it 28% less difficult to mine.

Miners who are still plugged into the network stand to make greater profits while most of the network’s miners remains offline.

https://www.cnbc.com/2021/07/03/bitc...in-china-.html

The bear flag started to look more promising when it looked like a double bottom, but now it has morphed into a nasty head and shoulders pattern. 25K to 20K may be in the cards this summer.

Originally Posted by tsptalk

A little fake out on the downside as the bear flag hangs on for another day.

Elons words save the sub $30,000 level once again. Imagine if all it took was a tweet of yours to gas some asset that you owned higher.

ELON MUSK SAYS SAYS HE OWNS ETHEREUM AND DOGECOINS ALONG WITH BITCOIN AND TESLA, SPACEX OWN BITCOIN -THE B WORD CONFERENCE

$29K - $30 continues to hold. Lots of potential resistance at the 100 and 200-day EMAs.


Bitcoin tops $39,000 for the first time in nearly 6 weeks, adding $114 billion to the crypto market

https://www.cnbc.com/2021/07/26/bitc...y-6-weeks.html

Amazon recently announced the great news that it would be accepting bitcoins. But I suppose that the exchange rate will not reach more than $40 thousand. Probably, will stay at $38 thousand dollars a week

Boom! Amazon just denied that rumor and bitcoin just fell about $3K off its high today.

Originally Posted by Marjuno

Amazon recently announced the great news that it would be accepting bitcoins. But I suppose that the exchange rate will not reach more than $40 thousand. Probably, will stay at $38 thousand dollars a week

How wrong I was...Keep watching