Bitcoin Struggles to Break Past $65K Again

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wildbossNewbie
Posts: 6 · Reputation: 16
#1Nov 4, 2020, 09:02 PM
Hit $64800 and then dropped again. But honestly, it's just 15-minute candles, not exactly a strong sell signal.
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0xDiamondMember
Posts: 55 · Reputation: 106
#2Nov 4, 2020, 09:42 PM
You seem really into trading. No need to obsess over the market daily unless you're actively trading. There’s always a correction, and if traders push for 65k, we might see a re-test. Just analyze the movements and seize those trading opportunities.
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pixel404Newbie
Posts: 95 · Reputation: 13
#3Nov 5, 2020, 12:19 AM
Your price range is super tight. Are you thinking Bitcoin's gonna drop? This 15-minute chart looks too close for comfort, right?
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greg2015Legendary
Posts: 258 · Reputation: 5547
#4Nov 5, 2020, 06:36 AM
Yeah, we should aim for $70800 to get Bitcoin to $71000-$72000. Day traders gotta keep an eye on that, while HODLers can chill a bit. We know when to sell, and we’re just waiting for our targets. Patience is key.
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0xWolfMember
Posts: 114 · Reputation: 180
#5Nov 5, 2020, 12:23 PM
As long as it stays below $74K, it’s stuck between $49K and $73K. Current prices aren't exactly promising for a real uptrend. It’s stagnant right now, but since it’s not falling much, people seem optimistic. I buy at $52K and HODL for 3x profit.
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Posts: 45 · Reputation: 21
#6Nov 5, 2020, 12:41 PM
On Binance, you can check timeframes and trading data. It’s easy to see market movements. Bitcoin is unpredictable, but analysis helps.
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Posts: 147 · Reputation: 22
#7Nov 6, 2020, 02:21 AM
Bitcoin will hit those higher prices eventually, but timing is anyone's guess. Stay positive about reaching 68k or 70k. I think we could see another all-time high this year if the market keeps up.
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grimnodeSenior Member
Posts: 75 · Reputation: 1140
#8Nov 6, 2020, 08:10 AM
$65,000 is clearly a psychological barrier. We need to break it a few times before we can really move past it. This could be our first attempt, but we might just retrace back to $63K first. We need some good news to drive investors back in.
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quantumaltHero Member
Posts: 57 · Reputation: 2784
#9Nov 6, 2020, 09:34 AM
Trading Bitcoin means accepting risks. Last week it was around $60K and now it’s hit $64.3K. If you start trading now, you can still profit. Just be ready for volatility.
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maxoracleMember
Posts: 352 · Reputation: 74
#10Nov 6, 2020, 02:07 PM
The chart shows resistance around $64800. Bitcoin’s been stuck in this range. Feels boring, but good for swing trading. Unless there’s something major happening, I doubt we’ll break $65K-$66K soon.
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pixel404Newbie
Posts: 95 · Reputation: 13
#11Nov 6, 2020, 04:00 PM
October’s gonna be the month. I’m not worried about $70K as long as it stays under $100K. I’m HODLing and not stressing over the short-term.
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fewunderstandLegendary
Posts: 284 · Reputation: 5964
#12Nov 6, 2020, 09:15 PM
It’s resistance now, but if we break it, it’ll become support. We just don’t know when that’ll happen. October feels promising; many think a bull run could start then.
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leo_alphaFull Member
Posts: 49 · Reputation: 694
#13Nov 7, 2020, 02:49 AM
A few hundred bucks on a 15-minute chart is nothing. Look at daily or weekly for the bigger picture. Technical indicators can help identify support and resistance, but they aren’t foolproof.
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Posts: 142 · Reputation: 110
#14Nov 7, 2020, 04:23 AM
I feel we’re gearing up for a price spike. It’s inching higher, just needs time. I know it’ll get tougher down the line, but as long as we hold on, we’ll be fine.
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calmchadMember
Posts: 29 · Reputation: 241
#15Nov 7, 2020, 08:55 AM
We’re super close. One or two candles and we could break $65,800. The US presidential influence might play a role here. Right now, it’s hovering between $63K and $64500. Break $64.500 and we could go bullish again.
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Posts: 186 · Reputation: 80
#16Nov 9, 2020, 10:36 AM
If you’re in for the long haul, stop stressing about daily prices. Set your target sell price and stick to it.
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shrimpNewbie
Posts: 289 · Reputation: 20
#17Nov 9, 2020, 11:02 AM
The OP seems like a trader, watching the market closely to time buys and sells. For investing, no need to monitor constantly. DCA is a solid method for gradually buying in, even during dips.
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maxoracleMember
Posts: 352 · Reputation: 74
#18Nov 9, 2020, 04:58 PM
October’s gonna be wild. Expect major price movements, maybe even more than now. Historically, October’s been good for Bitcoin. If September can bring recovery, we might see $70K again.
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benblockSenior Member
Posts: 138 · Reputation: 1761
#19Nov 9, 2020, 05:14 PM
Just saw Bitcoin hit $65997 on KuCoin, now around $65600. OP thinks we shouldn’t drop back below $65K, but predictions always have their caveats. Most active traders have disclaimers, but I’m all about long-term.
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maxi_chadMember
Posts: 15 · Reputation: 150
#20Nov 10, 2020, 02:25 AM
Not seeing strong selling, only buying. Bitcoin might just hit $70K by the end of the month with all this positive sentiment. If it breaks $66K, what’s the next step? How are you reacting so quickly to market changes?
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