Bitcoin price analysis (daily update)

[ayatoslaw]

I lock the old topic about Bitcoin price (daily update) because OP is no longer active and most of the replies only contain copy paste, you can visit the old topic here:
https://www.altcoinstalks.com/index.php?topic=46133.msg251571#msg251571

I update the topic about Bitcoin price analysis (daily update) to increase the interest of forum users visiting the speculation section,
one of them is by replying coin analysis based on fundamental or technical, and of course it must be based on your own opinion, not copy paste from other sites or analysis of other traders.
Quoting from other sources is permissible, at least 40% contains quotes, 60% is your analysis.

What is Bitcoin?

Bitcoin (₿) is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009 when its implementation was released as open-source software.Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence.

source:
https://en.wikipedia.org/wiki/Bitcoin
https://bitcoin.org/en/
official site: https://bitcoin.org/en/

[ayatoslaw]

This is my simple analysis of bitcoin last August 2020,



I made the analysis above in another forum, and I just realized now that the movement of the bitcoin chart so far is still moving based on its annual chart history.

this is the latest update about bitcoin now.

[sneakyboi]

This day, Bitcoin pumps its price from 47k range to 50k range.



Based on my prediction/chart. The price will undergo a dump this week or later this month. And will try to retest in the 47k support, And it if breaks out of the support. It will go down further.

PS: This is not a financial advice, DYOR when trading.

[ayatoslaw]

So far, Bitcoin is still safe even though I am waiting for bitcoin correction to $40k lol,
unfortunately I only update on my channel, don't post the update here,
but because I think the bitcoin movement is interesting, so I will share it here,
hopefully it will be an interesting spectacle lol

[ayatoslaw]

Bitcoin managed to break the $58000 resistance area, the current target area for bitcoin is $65000,
I hope that bitcoin will be corrected after touching this area, and can continue again towards the $70000 and $100000 area

[sneakyboi]

In the past seven days, Bitcoin's price currently experiencing a pullback to the $53k support area. And this week, I think it could be the start of the bounce, since Bitocoin's price is at stable $55-56k.



I think the next target on this bounce is at the ATH price which is in $62k or even above.

NOTE:
This is not a financial advice, DYOR on trading.

[ayatoslaw]

Bitcoin is trying to break the $60k area and if successful it will go to the next $62k area,
if it fails it will correction again and test the $58k and $ 54k areas

Note:
- Do Your Own Research
- Not Financial Advice

[sneakyboi]

Todays Bitcoin's price action take a sudden dump this day, From $59k+ to $55k but was able to bounce in to the #56-57k price range.



I think if Bitcoin's price can break the short-term resistance in $56-57k range. It will go higher until next week, If not. We will experience a correction, again into $53 - 52k.

PS:
- This is not a financial advice
- Trade at your own risk

[ayatoslaw]

The $52k area is the target for bitcoin correction, I hope that as soon as possible bitcoin can break the $55k area so that bitcoin goes to the moon

Note:
- Do Your Own Research
- Not Financial Advice

[ayatoslaw]

Bitcoin is still safe, on Time Frame 4H there is a possibility of correction to the $ 55k area, but on a large Time Frame Bitcoin still looks bullish.

Note:
- Do Your Own Research
- Not Financial Advice

[Dark Knight]

Bitcoin is the most popular coin in the cryptocurrency world.
Bitcoin price daily update news:
Bitcoin (BTC)
58,892.67$+1.11%
Bitcoin is the most popular coin in cryptocurrency.The price of the cryptocurrency Bitcoin has risen the most.

[ayatoslaw]

bitcoin is still looking for a correction, the area of which will be support for bitcoin $61200, $57700 and $55500

Note:
- Do Your Own Research
- Not Financial Advice

[Power420]

The current bitcoin price is 64423 dollar.  The price of Bitcoin is currently rising sharply so if the price of Bitcoin continues to rise.  Then in a few days the price of Bitcoin can go from 80 thousand dollars to 90 thousand dollars.

[ayatoslaw]

in the little Time Frame Bitcoin starts trying to recover, the big Time Frame awaits the close candle tomorrow,
If tomorrow's close candle is still above the trend line, there is a possibility that bitcoin is still safe and will continue its uptrend

Note:
- Do Your Own Research
- Not Financial Advice

[Bitdog]

Yes bitcoin has started to recover there is many good signs to bitcoin price up so this is the good time to buy altcoins because all major altcoins price is low next week bitcoin will touch $60k again let's see  how's going currently the price of bitcoin is $53835 but it's trade volume is $90billion.