Current Bitcoin Market Perspectives

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#1Aug 13, 2024, 01:03 AM
Trading Bitcoin these days feels like a hidden game. It's all about how well you can read the charts. I’m sharing my thoughts on today’s market using the daily chart. Hope it helps!
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shard_2013Full Member
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#2Aug 13, 2024, 06:07 AM
Totally get what you mean. I just hope next month is more positive than this one. Bitcoin not hitting $100k is definitely worrying. I feel like we’ll see some movement by Monday, but things are pretty sluggish right now.
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bear100Hero Member
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#3Aug 14, 2024, 02:27 PM
Honestly, I’ve been confused too. I thought October would be a good month for Bitcoin, but it’s not looking good so far. Still, I’m holding on to the belief that we won't just crash completely this year.
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#4Aug 14, 2024, 05:06 PM
We’re all guessing here, but yeah, your view aligns with mine based on what I see on the charts. This weekend feels like it’ll be quiet. I think we’ll know more next week depending on how the market reacts.
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#5Aug 14, 2024, 07:18 PM
Just saw it break through and hit resistance at $112k. I think it’s gonna push through that soon since there’s been no significant pullback. Sentiment seems to have flipped back to bullish.
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#6Aug 14, 2024, 07:39 PM
I love how you pointed out those levels! They’ve proven really useful. Bitcoin broke that trendline resistance at $110,590 and shot up, like we expected. That stochastic oscillator was a good clue.
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kevin_atlasFull Member
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#7Aug 14, 2024, 11:04 PM
It’s wild how BTC keeps breaking through moving averages it previously failed at. Gotta see if it can hold that momentum until the weekly close, otherwise we might just see more selling.
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#8Aug 15, 2024, 12:20 AM
While many think a rally is coming, I’m worried about a potential bearish cycle in 2026. The four-year cycles are getting unpredictable. We’re in a bull market, but where are the altcoins? They’re dropping hard while Bitcoin fluctuates.
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SwiftWhaleSenior Member
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#9Aug 15, 2024, 01:10 AM
I’ve seen the market rise from $109k and now it’s sitting at $114k. Feels chilly in the market, but there’s some potential for growth. If it breaks $109k again, we’re in trouble.
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#10Aug 15, 2024, 03:00 AM
Nah, altcoin season was last year. Too many new coins flooding in, it ain’t the same anymore. The market's changed. Gotta stay sharp with the charts though, but don’t get fooled by false breakouts.
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hodlgangMember
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#11Aug 15, 2024, 03:44 AM
Dude, I think you’re missing the point. Altcoin season always seems like a pipe dream everyone thought it wouldn’t happen before. Just look at past cycles, it’s like déjà vu.
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0xHashMember
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#12Aug 15, 2024, 04:19 AM
I see your perspective on market influences. We’re definitely in a mix of bullish and bearish signs. I’m leaning towards bullish for the end of October though.
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bear100Hero Member
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#13Aug 17, 2024, 11:45 AM
I honestly doubt we’ll see the altcoin season again. It feels like things are different now, and Bitcoin might just hit a new all-time high without altcoins joining the party.
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block_maxiFull Member
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#14Aug 17, 2024, 03:52 PM
I get the optimism, but price movements don’t work that way. Keep an eye on key levels like $110k and $107k. A real breakout needs volume to prove anything.
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#15Aug 17, 2024, 08:37 PM
You’re looking at it wrong. The month doesn’t dictate price. We need solid analysis instead of just feelings. I pointed out key levels before, and it’s up to the market now.
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#16Aug 18, 2024, 01:47 AM
I’m not a chart expert, honestly. I’ve lost money before and now I just share what I hear. Altcoin season feels uncertain, especially since the market has been unpredictable this year.
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#17Aug 18, 2024, 04:12 AM
Why the doubt? Your October price prediction seems spot on. Bitcoin is rising to $116.5k could be a solid month after all.
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#18Aug 18, 2024, 07:24 AM
Charts might not help much right now. They show direction but not magnitude. I believe if we break $120k, we could see a strong rise this year. Hoping for that 150k+
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boss777Senior Member
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#19Aug 18, 2024, 11:59 AM
Bitcoin's gained over $3k recently, which is surprising compared to other predictions. I think we might hit $120k but could drop to $113k later. Institutional investors are making this complicated.
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cipher51Full Member
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#20Aug 18, 2024, 05:21 PM
No way, $112k is the limit for now. If we hit $120k, we need to establish support above $115k for a stronger base. Otherwise, we could be stuck in a sideways trend.
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