Hit $64800 and then dropped again. But honestly, it's just 15-minute candles, not exactly a strong sell signal.
Bitcoin Struggles to Break Past $65K Again
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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.
Your price range is super tight. Are you thinking Bitcoin's gonna drop? This 15-minute chart looks too close for comfort, right?
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.
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.
bridge2016Newbie
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.
pix3l_h4shNewbie
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.
$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.
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.
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.
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.
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.
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.
nonce_2018Member
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.
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.
HyperBlockMember
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.
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.
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.
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.
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?