60K resistance might be broken

[SmartGold01]

well it fell down t0 56k but recovered easily after few days and now look how strong it holds now above 60k and i think that we will be having the spike in the coming days .
and hoping that 100k run will start in the coming months.
[/quote]
Sincerely speaking the market is really facing hard time now and I don't think 100k is even possible by next month because I believe that we may face more dip if following by historical data and of course we can't just predict what the market could give birth in the very next moment so we have to be prepared of the good or worse.

[Asiska02]

When the price of Bitcoin fell below 50k a few days ago, many were a bit disappointed with the prediction that the market might be going to bearish. But later that sentiment changed when it turned bullish again. We haven't seen much movement in the price of Bitcoin since we last got ATH. It touched $70k several times but it didn't last long before starting to fall again. Recently Bitcoin crossed $61k from the deep and so far it is between $k60-$61k. I think it won't progress much until this month end.

We are just few days to the end of the month now and the performance of bitcoin hasn’t been that appealing or appreciated enough as expected by many speculators. The market went into a bullish mode just some days back and it’s not trading back in the bearish trend again. This time around, a lot of people are anticipating that bitcoin will go more bearish than before and we will likely see it touch $50K this time around.

 The market is unpredictable though but with the numbers of predictions all assuming the same thing will have a lot to say about what the final price of bitcoin will be by the end of the month. The $100K that is been envisioned this bull run may likely reach 2025 before we can hit that price with the many bearish market we are experiencing since after the halving this year.

[bayu7adi]

And after touching $60k at this resistance, there was another rejection, so BTC fell again to the $59k level and is predicted to fall again because the current price action tends to suppress the sell side level in the market... for the short term, it is most likely bearish, while for the medium term it will remain bullish.

[Findingnemo]

It's been a while since I posted this topic and today I realised again we hit the same spot, and hardly surpassed 63K ever since so I am hoping this is the perfect time for accumulation and we might see the big boom in no time atleast in the mid 2025 or before, so Investors it's your time don't afraid to take your chances of you're capable of taking them.

[Mr. Magkaisa]

       -       Wasn't that 60k resistance broken one day that reached 661k$ and then there was a retracement today, in which if we look at its direction in technical analysis, there is a cup formation before it goes up a lot? 70k$ up.

So what we need to do is wait a little longer and don't let our emotions go, or else we might regret it in the end that we shouldn't have sold it because we know we don't want that to happen.

[debra]

And after touching $60k at this resistance, there was another rejection, so BTC fell again to the $59k level and is predicted to fall again because the current price action tends to suppress the sell side level in the market... for the short term, it is most likely bearish, while for the medium term it will remain bullish.

The lowest price of Bitcoin today is around $57,890 if we take a look at coinmarketcap data. Now, the price is struggling at $59,230. I think the price isn't likely to drop again lower if there is no bad news. Why it is predicted to drop again? If it will drop again, it is possible to drop to $45k. Honestly, I don't expect this will happen because I see the current market condition is better from the beginning of this month. At the end of this month should have a better price. But everything can happen, maybe for the short term we will face red market again.

[Captain Corporate]

The fact that we are playing with it so closely isn't really a great feeling. I feel like we are talking about something that's taking a bit of time here. I know that we have broken over 60k, and now we are down again, it has been playing up and down for a while now and I think its not really easy to understand what is taking this long to make it go better. I think it has to get to a level where we could see this doing better, its a shock that it hasn't already. I hope that September is a bit different and we can finally see that 70k+ once again, it has been a while and the market could use some cheer me up.

[Ricardo11]

And after touching $60k at this resistance, there was another rejection, so BTC fell again to the $59k level and is predicted to fall again because the current price action tends to suppress the sell side level in the market... for the short term, it is most likely bearish, while for the medium term it will remain bullish.

The lowest price of Bitcoin today is around $57,890 if we take a look at coinmarketcap data. Now, the price is struggling at $59,230. I think the price isn't likely to drop again lower if there is no bad news. Why it is predicted to drop again? If it will drop again, it is possible to drop to $45k. Honestly, I don't expect this will happen because I see the current market condition is better from the beginning of this month. At the end of this month should have a better price. But everything can happen, maybe for the short term we will face red market again.

Yes I am also expecting to see a green by this month, As we expected to see 70k by the end of this month, but we have seen more dumps, And currently its price is below 60k. which is really disappointing for us, unless something unexpected happens, we should see something better in September, and if it goes further dumping it will drop to 45k.