{"id":363625,"date":"2021-11-07T18:14:35","date_gmt":"2021-11-07T15:14:35","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-consolidates-right-below-fib-level-that-triggered-2013-all-time-highs\/"},"modified":"2021-11-07T18:14:35","modified_gmt":"2021-11-07T15:14:35","slug":"bitcoin-consolidates-right-below-fib-level-that-triggered-2013-all-time-highs","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-consolidates-right-below-fib-level-that-triggered-2013-all-time-highs\/","title":{"rendered":"# Bitcoin consolidates right below Fib level that triggered 2013 all-time highs"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3664d723baa\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3664d723baa\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-consolidates-right-below-fib-level-that-triggered-2013-all-time-highs\/#%E2%80%9CNot_the_time_to_be_selling%E2%80%9D\" >&#8220;Not the time to be selling&#8221;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-consolidates-right-below-fib-level-that-triggered-2013-all-time-highs\/#Price_highs_meet_lows_in_attention\" >Price highs meet lows in attention<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin consolidates right below Fib level that triggered 2013 all-time highs <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) continued to track sideways on Nov. 7 amid warnings that now is &#8220;not the time&#8221; to sell BTC.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/4f8b560b-4cb8-49ab-8fe2-abf66c0583a2.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"%E2%80%9CNot_the_time_to_be_selling%E2%80%9D\"><\/span>&#8220;Not the time to be selling&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BITSTAMP\">TradingView<\/a>\u00a0showed BTC\/USD lingering near $62,000 throughout Sunday.<\/p>\n<p>The pair had continued a flat period over the weekend, as market participants waited for signs of volatility up or down.<\/p>\n<p>While impatience was palpable as the week drew to close, words of caution came from those eyeing longer timeframes and historical price patterns.<\/p>\n<p>&#8220;What goes on during a sideways period for BTC like now? Buyers &amp; sellers are exchanging coins with each other. Buyers buy a bit. Sellers sell a bit,&#8221; Rekt Capital <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1457020058308386818\">summarized<\/a> to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> followers. <\/p>\n<blockquote><p>&#8220;But if you think about where $BTC will go over the next months: You realise now is not the time to be selling.&#8221;\u00a0<\/p><\/blockquote>\n<p>Others eyed the weekly close for signs of bullishness. For fellow popular Twitter account TechDev, a two-week close over a key Fibonacci level would mean BTC\/USD was echoing its progress fro<\/p>\n<p>&#8220;Closing a 2-week candle above the 1.618 is what fully sent 2013. Consolidating right below now,&#8221; he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TechDev_52\/status\/1457003685377191936\/\">noted<\/a> Saturday.<\/p>\n<p>At the same time, the price-performance between 2017 and 2021 remains uncannily similar \u2014 firmly placing this year within historical norms, as Cointelegraph reported.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/70a97ea1-d02b-4713-b2e6-bb025b664f87.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD comparison. Source: TechDev\/ Twitter<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Price_highs_meet_lows_in_attention\"><\/span>Price highs meet lows in attention<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Looking beyond immediate market behavior, the mood remained undeniably bullish \u2014 not only on Bitcoin, but Ether (ETH), Solana (SOL), and altcoins more broadly.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin\u2019s consolidation is \u2018normal\u2019 \u2014 Analysts set $80K BTC price target<\/em><\/strong><\/p>\n<p>Amid continued <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/intocryptoverse\/status\/1457134397111652353\">sky-high<\/a> price predictions, ETH\/USD continued to build on recent all-time highs, while others in the top ten cryptocurrencies by market cap retained record peak levels.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">BTC is going to pump,<\/p>\n<p>ETH is going to pump,<\/p>\n<p>your shitcoin is probably going to pump.<\/p>\n<p>Be h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>y.<\/p>\n<p>\u2014 Galaxy (@galaxyBTC) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/galaxyBTC\/status\/1457063069180387333?ref_src=twsrc%5Etfw\">November 6, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Only consumer interest, as before, lagged behind market momentum. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/trends.google.com\/trends\/explore?q=Bitcoin\">Data<\/a> from Google Trends for &#8220;Bitcoin&#8221; highlighted the lack of activity related to price action.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/845d6be6-ea73-445d-943d-5abd3765bee6.png\"><figcaption style=\"text-align: center;\"><em>Google search activity for &#8220;Bitcoin.&#8221; Source: Google Trends<\/em><\/figcaption><\/figure>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-consolidates-right-below-fib-level-that-triggered-2013-all-time-highs\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin consolidates right below Fib level that triggered 2013 all-time highs &#8221; Bitcoin (BTC) continued to track sideways on Nov. 7 amid warnings that now is &#8220;not the time&#8221; to sell BTC. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView &#8220;Not the time to be selling&#8221; Data from Cointelegraph Markets Pro and TradingView\u00a0showed BTC\/USD lingering&#8230;<\/p>\n","protected":false},"author":1,"featured_media":363626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvMmM3NjQ3YWEtZWViOC00MzA2LTgzOTQtNTM1NTA2ZmYxZTBlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,74937,82402,74891,73785],"class_list":["post-363625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-bitcoin-price","tag-ether-price","tag-ethereum","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/363625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=363625"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/363625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/363626"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=363625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=363625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=363625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}