Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your comments.
You are correct, we might see more dip and however, nobody can tell what would happened next especially now that people already have this feelings that whenever is almost getting to halving there would be strong dip. Don't you think this has caused so much panic among or between investors especially those newbie investors who thinks bitcoin price decreasing can never come up again? I over had a neighbor saying that bitcoin has dropped so severely that he needs to sell of his little holdings before he would lose them entirely for the halving before bull run starts fully. Within me I was like, you can't lose your bitcoin completely what you only lose is the dollar equivalent and your fraction remains with you and whenever the price gets to it's original place then the value correspond to your holding, actually I could have discussed with him but I just have to mind myself not to engaged in much discussion with anyone.Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your comments.
Your gut feeling can be right as there is now a big chance that another big dip can happen immediately after the halving event...and this is an expectation that many people are holding right now most especially those who might be involved with ETFs and can be the reason why ETF platforms are experiencing net outflows right now. However, we should take this as just another good opportunity to buy more Bitcoin because soon we can see BTC recover and can even go higher than $100K even the year of 2024 ends. That is, this is just my speculation and I don't have any inherent power to make things come true no matter how I wish them to be.
Does it mean that we are automatically going to witness another serious dip?
Currently the price of bitcoin isn't pleasing anymore and I would want someone to tell me if there's more possibility for the price to drop more dip or maybe it will limits to only 60k.
Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your comments
Does it mean that we are automatically going to witness another serious dip?
Currently the price of bitcoin isn't pleasing anymore and I would want someone to tell me if there's more possibility for the price to drop more dip or maybe it will limits to only 60k.
Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your comments
AbsolutelyDoes it mean that we are automatically going to witness another serious dip?
Currently the price of bitcoin isn't pleasing anymore and I would want someone to tell me if there's more possibility for the price to drop more dip or maybe it will limits to only 60k.
Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your comments
There is no floor.
There are no guarantees
A war , a country ban, a world crisis etc.. some events may force the price down to 50k.
We have wishes and feelings, but no more than that..
Does it mean that we are automatically going to witness another serious dip?I think we need a price chart to make the analysis clearer.
Currently the price of bitcoin isn't pleasing anymore and I would want someone to tell me if there's more possibility for the price to drop more dip or maybe it will limits to only 60k.
Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your comments
I think we need a price chart to make the analysis clearer.If we loss this support and don't immediately recover then more downside would be likely and if Bitcoin doesn't create another support then more would be possible. I have a feeling we will experience sell the news after buying the rumor of the halving.With the chart we have to bounce from this region to $73K before we can think of heading higher.
I'm using LPPLS.O1R1 and I believe that the BTC bubble has burst after 20 months. I'm not sure if we'll see a sharp downward correction or just a sideways retesting. In the best case scenario, we can consider $60K to be the bottom of this correction, which is just a retest of the support zone before continuing to grow. In the worst case scenario, we may see BTC retest $40.5K ~ Fibo 0.382. I don't expect this to happen because it's equivalent to a -45% correction for BTC, many ALTS will drop even more!(https://www.tradingview.com/x/ro68HAB9/)
Actually as a HODLer we may likely not worry this but just consider accumulating more especially during the dip.AbsolutelyDoes it mean that we are automatically going to witness another serious dip?
Currently the price of bitcoin isn't pleasing anymore and I would want someone to tell me if there's more possibility for the price to drop more dip or maybe it will limits to only 60k.
Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your comments
There is no floor.
There are no guarantees
A war , a country ban, a world crisis etc.. some events may force the price down to 50k.
We have wishes and feelings, but no more than that..
So anyone holding should factor their risk instead, whatever may happened at the cost of holding news being it bad or positive. We just have to hope on something good to happened.
But do we really need to get worried over the price of bitcoin after knowing how its history do move over the years?
Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your commentsIt's a few days remaining before Bitcoin halving. I am sure that the effects of the halving will definitely have a very significant impact on a more significant increase in Bitcoin prices. Although maybe it won't happen very quickly after the halving. However, it may still take several weeks or even months after that. Wasn't that the case before? It will take several months after the halving, then the price of Bitcoin will really rise to bullish levels, right? So, just be patient and don't panic if there is a lot of FUD later.
Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your commentsYou are right, although I also had the same idea that BTC won't be going below $60k again, but when I saw it touching it a few times, now I can say, BTC might touch $58k and if drops more, it can touch $53k even. $53k is a big number and many might consider booking seed profit after knowing this but what I think now is, it is possible for BTC to touch that number. But the chances of this possibility is 20%.
Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your commentsYou are right, although I also had the same idea that BTC won't be going below $60k again, but when I saw it touching it a few times, now I can say, BTC might touch $58k and if drops more, it can touch $53k even. $53k is a big number and many might consider booking seed profit after knowing this but what I think now is, it is possible for BTC to touch that number. But the chances of this possibility is 20%.
As it depends on several factors, currently market is in technical state, mean only volume is making moves, no fundamental factor is causing any kind of disruption (AFAIK), Well, I am planning to book some profit now, or maybe not, but my main target was bull run after halving. Well, at the current time we should invest in ALTs they are at good rates.
With just a few days left of the halving, markets are increasingly worried. For apra hsort term, this may be quite risky. If it is for the long term, this might be one of the moments that is relied upon to return to accumulation. The problem is that we lack capital for accumulation. So, all you have to do is wait for the BTC price to rise again. but it definitely won't be easy.Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your commentsYou are right, although I also had the same idea that BTC won't be going below $60k again, but when I saw it touching it a few times, now I can say, BTC might touch $58k and if drops more, it can touch $53k even. $53k is a big number and many might consider booking seed profit after knowing this but what I think now is, it is possible for BTC to touch that number. But the chances of this possibility is 20%.
Maybe yes, because I think $60k and below is a position that will never exist again after the halving occurs... the price should be bullish every day for the next few months (if you still adhere to the previous cycle formula)... and for a price of $60 before the halving won't happen for a long time...Yeah because based on a video I watched just recently on social media, we will be seeing Bitcoin $85k up in the coming months after halving so yeah it could be true though it could also be wrong but still we have time to prepare for it.
Apart from that, the halving will also occur in the next few days, I think everyone will start to consider formulating their strategy to face the bullish market in the near future.
Does it mean that we are automatically going to witness another serious dip?It may or may not happen. Bitcoin price is unpredictable and even a single bad news might affect Bitcoin, not only because we are coming nearly in halving. Its price will suddenly go down without anyone expecting it. Just like the dip that recently happened. Some people say that the recent dip was because of the progress of the war, even though we are only getting nearer to the halving event, we can already see the dip.
Currently the price of bitcoin isn't pleasing anymore and I would want someone to tell me if there's more possibility for the price to drop more dip or maybe it will limits to only 60k.
Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your comments
Does it mean that we are automatically going to witness another serious dip?Don't say that the current price movement of bitcoin is not pleasing anymore, there was never a time you should expect the price of bitcoin to just keep going up without any form of retracement and or corrections like we have witnessed in the last few days and hours, and this is because, the more bitcoin pauses it's upward movements to do some corrections, the healthier the market is, and the more higher the price is likely to go when next the upward movement begins again.
Currently the price of bitcoin isn't pleasing anymore and I would want someone to tell me if there's more possibility for the price to drop more dip or maybe it will limits to only 60k.
Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your comments
There is no floor.
There are no guarantees
A war , a country ban, a world crisis etc.. some events may force the price down to 50k.
We have wishes and feelings, but no more than that..
I don't practically mean that the price is not appealing or not appreciating the level where we are now, but if you must know those who ventured the market at the price of 73k with the mindset that the market gonna touched 100k before the halving today. What would be their fate since there has been a reverse movement since it touches 73k plus till today, if you were newer investor or a newbie in the system don't you think you would feels so sad for losing about 7 to 10 percent of your investment?Does it mean that we are automatically going to witness another serious dip?Don't say that the current price movement of bitcoin is not pleasing anymore, there was never a time you should expect the price of bitcoin to just keep going up without any form of retracement and or corrections like we have witnessed in the last few days and hours, and this is because, the more bitcoin pauses it's upward movements to do some corrections, the healthier the market is, and the more higher the price is likely to go when next the upward movement begins again.
Currently the price of bitcoin isn't pleasing anymore and I would want someone to tell me if there's more possibility for the price to drop more dip or maybe it will limits to only 60k.
Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your comments
So, appreciate the downtime same way you appreciate the uptime, see and take the down time like this as a golden opportunity to buy more bitcoin at a discount price, for one rule in crypto is that, you should never be in a dare hurry to sell and take profit, most especially, if it's bitcoin we are talking about.
And concerning the floor price, bitcoin has retraced below $60k like two days ago, but it quickly returned back to above $60k, so, by that move, I guess it's safe to say that $60k is the floor.
Right now, the price seems to be going up, let's see if the momentum will continue or it will drop again, causing bitcoin to experience another down turn.
We all have our presentations about the halving event, for me it will be a big thing, but to say that this is a price that can vary before the halving, yes, for me it can reach $73k again, maybe a little more, after that, anything can happen, in particular many will be waiting for bitcoin to increase a lot, but it may be that while waiting for this a big drop in price may occur, and this is something that is because the whales still have a very great power in the market, but the inevitable will happen and yes, the price will increase. What I think is that after the halving a 4-year cycle will be completed in 29025. If you combine this effect of the cycle plus the halving, it could be something great, the price will be crazy.BTc touching $73k is a must and according to my presentation, $77k is also a must because the inflation CPI data indicates that BTC never made new ATH according to inflation as the last time ATH of $69k is equal to the $77k in the current era, which means it has to cross $77k to break the ATH inflation wise. Overall, I know BTC have enough potential to cross $100k easily but still, I am looking at the side where the price will be touching $53k and people will be panicking.
BTc touching $73k is a must and according to my presentation, $77k is also a must because the inflation CPI data indicates that BTC never made new ATH according to inflation as the last time ATH of $69k is equal to the $77k in the current era, which means it has to cross $77k to break the ATH inflation wise. Overall, I know BTC have enough potential to cross $100k easily but still, I am looking at the side where the price will be touching $53k and people will be panicking.To reach a price as expensive as you mentioned will likely be very difficult to happen, Bitcoin needs good news that can trigger an increase in the price of Bitcoin. This year it could go to $73k again so it will be difficult to achieve. But if there is no good news then it will be difficult to reach the latest ATH price.
What do you mean by 29025? as overall halving? Do you mean halving will take place till year 29025? if yes then another statistic says that overall BTC will be mined at 2140 years. Well, and yeah the cycle and halving effect has a big effect on BTC price after all they are the main ingredients of scarcity.
We all have our presentations about the halving event, for me it will be a big thing, but to say that this is a price that can vary before the halving, yes, for me it can reach $73k again, maybe a little more, after that, anything can happen, in particular many will be waiting for bitcoin to increase a lot, but it may be that while waiting for this a big drop in price may occur, and this is something that is because the whales still have a very great power in the market, but the inevitable will happen and yes, the price will increase. What I think is that after the halving a 4-year cycle will be completed in 29025. If you combine this effect of the cycle plus the halving, it could be something great, the price will be crazy.BTc touching $73k is a must and according to my presentation, $77k is also a must because the inflation CPI data indicates that BTC never made new ATH according to inflation as the last time ATH of $69k is equal to the $77k in the current era, which means it has to cross $77k to break the ATH inflation wise. Overall, I know BTC have enough potential to cross $100k easily but still, I am looking at the side where the price will be touching $53k and people will be panicking.
What do you mean by 29025? as overall halving? Do you mean halving will take place till year 29025? if yes then another statistic says that overall BTC will be mined at 2140 years. Well, and yeah the cycle and halving effect has a big effect on BTC price after all they are the main ingredients of scarcity.
We all have our presentations about the halving event, for me it will be a big thing, but to say that this is a price that can vary before the halving, yes, for me it can reach $73k again, maybe a little more, after that, anything can happen, in particular many will be waiting for bitcoin to increase a lot, but it may be that while waiting for this a big drop in price may occur, and this is something that is because the whales still have a very great power in the market, but the inevitable will happen and yes, the price will increase. What I think is that after the halving a 4-year cycle will be completed in 29025. If you combine this effect of the cycle plus the halving, it could be something great, the price will be crazy.BTc touching $73k is a must and according to my presentation, $77k is also a must because the inflation CPI data indicates that BTC never made new ATH according to inflation as the last time ATH of $69k is equal to the $77k in the current era, which means it has to cross $77k to break the ATH inflation wise. Overall, I know BTC have enough potential to cross $100k easily but still, I am looking at the side where the price will be touching $53k and people will be panicking.
What do you mean by 29025? as overall halving? Do you mean halving will take place till year 29025? if yes then another statistic says that overall BTC will be mined at 2140 years. Well, and yeah the cycle and halving effect has a big effect on BTC price after all they are the main ingredients of scarcity.
What you say is very interesting, no, what a pity, I am referring to the year 2025, I did not know about ATH inflation, but it sounds quite logical, of course what I am saying is that we are still at a strong standard, but we are already heading after the halving so it is a great price, and in 2025 the 4-year cycle is completed, after that cycle I think there can be a very good Bullish trend with a possible very dangerous ATH, that is what many also expect, and if produces the Halving effect, the ETF effect and the 4 year effect, I think the price will be very explosive and good towards a very bullish rally.
Does it mean that we are automatically going to witness another serious dip?
Currently the price of bitcoin isn't pleasing anymore and I would want someone to tell me if there's more possibility for the price to drop more dip or maybe it will limits to only 60k.
Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your comments
You know since few days now i made this post have been trying to monitor market and i am yet to get convinced concerning the price although as I may understand it market is unpredictable anything could likely happened.Does it mean that we are automatically going to witness another serious dip?
Currently the price of bitcoin isn't pleasing anymore and I would want someone to tell me if there's more possibility for the price to drop more dip or maybe it will limits to only 60k.
Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your comments
I think that the correction that is happening now in bitcoin after this halving will actually be lowered. And what I really see based on my technical and fundamental analysis is that $50,000 is the lowest support that can lower the price value.
But this is just my analysis, but even now that the halving, retracement, or liquidation is over, it will actually happen, and we are not sure how long it will take, so the ranging will take a long time for sure.
The halving took place a few days ago and the price of bitcoin only rose a few percent after the halving occurred. This is quite a difficult test for traders because we have to be patient and wait for the price to rise higher. No one knows exactly when that happened.
To reach a price as expensive as you mentioned will likely be very difficult to happen, Bitcoin needs good news that can trigger an increase in the price of Bitcoin. This year it could go to $73k again so it will be difficult to achieve. But if there is no good news then it will be difficult to reach the latest ATH price.Is $100k too expensive price? I think it is not expensive price because it is quite reasonable to be achieved. Even there are people that stated the potential Bitcoin price to be $150k. Sure, the good news will make easily move of Bitcoin price. $73k won't be so difficult to achieve if Bitcoin keep growing its price gradually. And I think it won't totally rely on the news.
To reach a price as expensive as you mentioned will likely be very difficult to happen, Bitcoin needs good news that can trigger an increase in the price of Bitcoin. This year it could go to $73k again so it will be difficult to achieve. But if there is no good news then it will be difficult to reach the latest ATH price.
I guess he must have missed out on how Bitcoin was on the steady pump to think that 100k is an expensive price, the thing about the pump is that it moves so quickly that it scares me sometimes and I saw the same thing few weeks back and now that the halving is over well everyone should just be ready for the massive pump that's if the circle continues to repeat itself, and I say this because this time movement pave a different pattern.To reach a price as expensive as you mentioned will likely be very difficult to happen, Bitcoin needs good news that can trigger an increase in the price of Bitcoin. This year it could go to $73k again so it will be difficult to achieve. But if there is no good news then it will be difficult to reach the latest ATH price.Is $100k too expensive price? I think it is not expensive price because it is quite reasonable to be achieved. Even there are people that stated the potential Bitcoin price to be $150k. Sure, the good news will make easily move of Bitcoin price. $73k won't be so difficult to achieve if Bitcoin keep growing its price gradually. And I think it won't totally rely on the news.
Probably, but he should also remember that Bitcoin just happened to previously complete its halving. The effect of it has not been shown. Some other people say that these recent pumps are just the effect of previous good news, including the spot ETF. What's more, if the halving has taken effect, we shouldn't expect an unbelievable price, but we should expect it to reach a height that is too great for us to witness in the coming months.I guess he must have missed out on how Bitcoin was on the steady pump to think that 100k is an expensive price, the thing about the pump is that it moves so quickly that it scares me sometimes and I saw the same thing few weeks back and now that the halving is over well everyone should just be ready for the massive pump that's if the circle continues to repeat itself, and I say this because this time movement pave a different pattern.To reach a price as expensive as you mentioned will likely be very difficult to happen, Bitcoin needs good news that can trigger an increase in the price of Bitcoin. This year it could go to $73k again so it will be difficult to achieve. But if there is no good news then it will be difficult to reach the latest ATH price.Is $100k too expensive price? I think it is not expensive price because it is quite reasonable to be achieved. Even there are people that stated the potential Bitcoin price to be $150k. Sure, the good news will make easily move of Bitcoin price. $73k won't be so difficult to achieve if Bitcoin keep growing its price gradually. And I think it won't totally rely on the news.
I guess he must have missed out on how Bitcoin was on the steady pump to think that 100k is an expensive price, the thing about the pump is that it moves so quickly that it scares me sometimes and I saw the same thing few weeks back and now that the halving is over well everyone should just be ready for the massive pump that's if the circle continues to repeat itself, and I say this because this time movement pave a different pattern.Probably, but he should also remember that Bitcoin just happened to previously complete its halving. The effect of it has not been shown. Some other people say that these recent pumps are just the effect of previous good news, including the spot ETF. What's more, if the halving has taken effect, we shouldn't expect an unbelievable price, but we should expect it to reach a height that is too great for us to witness in the coming months.
The halving took place a few days ago and the price of bitcoin only rose a few percent after the halving occurred. This is quite a difficult test for traders because we have to be patient and wait for the price to rise higher. No one knows exactly when that happened.
Does it mean that we are automatically going to witness another serious dip?The whole crypto market seems unpredictable to me, in the sense that, we were able to see a new ATH before the halving, we learned that the bitcoin ETF was accepted this year.
Currently the price of bitcoin isn't pleasing anymore and I would want someone to tell me if there's more possibility for the price to drop more dip or maybe it will limits to only 60k.
Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your comments
Does it mean that we are automatically going to witness another serious dip?The whole crypto market seems unpredictable to me, in the sense that, we were able to see a new ATH before the halving, we learned that the bitcoin ETF was accepted this year.
Currently the price of bitcoin isn't pleasing anymore and I would want someone to tell me if there's more possibility for the price to drop more dip or maybe it will limits to only 60k.
Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your comments
I suspect that the mentioned factors(bitcoin ATH and ETF approval) we experienced this year can stop bitcoin from falling that dip we expected to happen after the halving, which might make us see a price dip of $60k and the market will begin to bounce back.
I guess he must have missed out on how Bitcoin was on the steady pump to think that 100k is an expensive price, the thing about the pump is that it moves so quickly that it scares me sometimes and I saw the same thing few weeks back and now that the halving is over well everyone should just be ready for the massive pump that's if the circle continues to repeat itself, and I say this because this time movement pave a different pattern.There is no big pump in the halving, now $100k may be a bit difficult to achieve. I'm starting to understand that $100k may be a bit expensive for Bitcoin price in the current bullish season. Few months ago, we all assume the Bitcoin price may be above $80k in the halving, then it will be easier to reach $100k. But since the pump during the halving is very small, I think the ATH of Bitcoin in this bullish season may be below $100k again. However, I still hope that there is still a chance of Bitcoin to be around in $80k - $90k at least.
Re: is $60k the floor rate of bitcoin after halving?The halving event is over 5 days ago, and it seems like the $60,000 is still the psychological support right now.
You know since few days now i made this post have been trying to monitor market and i am yet to get convinced concerning the price although as I may understand it market is unpredictable anything could likely happened.
But from few things i discovered it could be hard for the market to go below $60k except for a shocking news that could hit it so severely.
I thought the ETF approval came before bitcoin halving took place soDoes it mean that we are automatically going to witness another serious dip?The whole crypto market seems unpredictable to me, in the sense that, we were able to see a new ATH before the halving, we learned that the bitcoin ETF was accepted this year.
Currently the price of bitcoin isn't pleasing anymore and I would want someone to tell me if there's more possibility for the price to drop more dip or maybe it will limits to only 60k.
Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your comments
I suspect that the mentioned factors(bitcoin ATH and ETF approval) we experienced this year can stop bitcoin from falling that dip we expected to happen after the halving, which might make us see a price dip of $60k and the market will begin to bounce back.
The halving took place a few days ago and the price of bitcoin only rose a few percent after the halving occurred. This is quite a difficult test for traders because we have to be patient and wait for the price to rise higher. No one knows exactly when that happened.You are right Price rose only a few percent and now it's decreasing too, I guess halving doesn't have a quick impact on the price of BTC, it will affect the price slowly as time passes. And yeah this is a difficult time for traders but I will see only for new traders because those who have been into crypto for a long time have enough knowledge to make a profit in this situation as well. As there are certain tools that can help us to do TA and FA of a token and we can make a good profit but don't forget loss too.
Does it mean that we are automatically going to witness another serious dip?It is very difficult to make accurate predictions about the Bitcoin market. The bitcoin halving is over but many said that the market will dump a lot before the bitcoin halving and it could settle between $50,000 and $40,000. But we noticed here that even though the market was down before Bitcoin halving, it was limited to 60000. It's been a few days since the halving and the market has been between pumping and dumping, but not much dumping. But it is expected that Bitcoin may not come below 50000 and even thumping it may come to at least 50000. But those of you who haven't invested can invest and those who have invested can keep investing there is nothing to despair the market will move up very soon. But rest assured that within 2024, Bitcoin will probably cross the $100,000 mark. I am not worried at all about Bitcoin investment right now because I am sure I will get a lot of success from Bitcoin very soon.
Currently the price of bitcoin isn't pleasing anymore and I would want someone to tell me if there's more possibility for the price to drop more dip or maybe it will limits to only 60k.
Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your comments
There is no pump and dump in the market rather it has been moving sideways that is to say, market has been swinging between 60k to 67k since it finally achieved 73k as ATH we have never seen serious dip again neither do we see much rise above the previous ATH. We might likely see pump from ending of this year or mid next year.Does it mean that we are automatically going to witness another serious dip?It's been a few days since the halving and the market has been between pumping and dumping, but not much dumping.
Currently the price of bitcoin isn't pleasing anymore and I would want someone to tell me if there's more possibility for the price to drop more dip or maybe it will limits to only 60k.
Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your comments
The market has indeed been oscillating between 60 and 67k since it reached it's new ATH.There is no pump and dump in the market rather it has been moving sideways that is to say, market has been swinging between 60k to 67k since it finally achieved 73k as ATH we have never seen serious dip again neither do we see much rise above the previous ATH. We might likely see pump from ending of this year or mid next year.Does it mean that we are automatically going to witness another serious dip?It's been a few days since the halving and the market has been between pumping and dumping, but not much dumping.
Currently the price of bitcoin isn't pleasing anymore and I would want someone to tell me if there's more possibility for the price to drop more dip or maybe it will limits to only 60k.
Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your comments
Currently the market has dropped below people expectation and I know this most likely happened, during my previous post where I asked we could likely see more dip coming while others said we can't witnessed below the 60k that is to say they said market can never go below 60k and I was like if the market follows it's previous circles then we must see it coming. But the sudden ATH that was achieved convinced lot of people that we can't see any more dip since the market has already surpassed the range of 73k plus, even though we assumed that market is so volatile and I understand how it works though I might not be expert to give accurate analysis but I know that it's not favorable at the moment therefore what we should do is to keep accumulating while the bull run gets ready for the next move.The market has indeed been oscillating between 60 and 67k since it reached it's new ATH.There is no pump and dump in the market rather it has been moving sideways that is to say, market has been swinging between 60k to 67k since it finally achieved 73k as ATH we have never seen serious dip again neither do we see much rise above the previous ATH. We might likely see pump from ending of this year or mid next year.Does it mean that we are automatically going to witness another serious dip?It's been a few days since the halving and the market has been between pumping and dumping, but not much dumping.
Currently the price of bitcoin isn't pleasing anymore and I would want someone to tell me if there's more possibility for the price to drop more dip or maybe it will limits to only 60k.
Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your comments
Well judging from previous cycles and market trends, we can say that your prediction of Bitcoin experiencing a pump towards the end of this year or the middle of next year is definitely possible. But let's not forget that the crypto market is very volatile and unpredictable, and past performances can never guarantee future results even when it appears there's every possibility of it taking the same route. So one should always be cautious when making investment decisions that concerns crypto.
Let's always have it in our mind that analysis and predictions are always subjective when it comes to the crypto market, so it's always advisable for one to always carry out his own research and before making any decisions that concerns your investment, it's important to also consider other options.
There is no pump and dump in the market rather it has been moving sideways that is to say, market has been swinging between 60k to 67k since it finally achieved 73k as ATH we have never seen serious dip again neither do we see much rise above the previous ATH. We might likely see pump from ending of this year or mid next year.
As you can see, there is a couple of bad news on the market at this moment and the entire crypto market has been going down for the last five days. It's all because of the ETF outflow five days in a row. The bad news is about CZ and I hope we all know about that. The other bad news is Russian crypto bans. I don't remember how many times Russia announced bad cryptocurrency but I am sure this is not the first time. We have touched the 56K range already after that bad news hitting the market. This was a good opportunity for all of us to buy a little more. But, some analyst says we might go into a bear market if Bitcoin breaks the 57K support.So much bad news is always exaggerated and the goal is indeed to influence the price of bitcoin.
The way the market is, I don't think the price will increase in anytime soon and instead it is reducing. And now it as set a price of $57k to $59k range. And there is possiblity that it will be like that for sometimes before it will break out to the next bull market again. So this another good time to buy bitcoin and hodle but this might be a short term investment for those who are interested to invest for short term.
The way the market is, I don't think the price will increase in anytime soon and instead it is reducing. And now it as set a price of $57k to $59k range. And there is possiblity that it will be like that for sometimes before it will break out to the next bull market again. So this another good time to buy bitcoin and hodle but this might be a short term investment for those who are interested to invest for short term.You're correct.
It is possible that during a correction the price may touch $50K and slowly rise again to reach the previous ATH. the current price is $59K, we will see whether it will go up or down again. If the price rises, it is possible that Bitcoin will enter a bullish season and touch a new ATH, this is what investors are waiting forThe way the market is, I don't think the price will increase in anytime soon and instead it is reducing. And now it as set a price of $57k to $59k range. And there is possiblity that it will be like that for sometimes before it will break out to the next bull market again. So this another good time to buy bitcoin and hodle but this might be a short term investment for those who are interested to invest for short term.You're correct.
I think Bitcoin is tryna give investors another chance and opportunity to buy before the next bull run kicks in.
Bitcoin price might just indeed decide to stay in the $57k-$59kish range, or it could even decide to go lower than that. I know fully well that this is going to cause a lot of panic and stress amongst investors but it's important to know that one should already be prepared for any price movement at this phase of Bitcoin
Ever since the Bitcoin halving we have seen the price of Bitcoin hovering between $60k and $67k which means we are not seeing much change in the market during this period. However, yesterday the price of Bitcoin broke the support of 60k dollars and moved from 55k dollars to 57k dollars. When the market broke the support of 60K dollars and came lower, then it seemed that maybe the market will cross the barrier of 50K dollars and after crossing the barrier of 50K dollars, the market may do a big dumping, but the market is very stable now. Since the market has dumped a lot from the peak price, the market is expected to be more positive at this time.There is no pump and dump in the market rather it has been moving sideways that is to say, market has been swinging between 60k to 67k since it finally achieved 73k as ATH we have never seen serious dip again neither do we see much rise above the previous ATH. We might likely see pump from ending of this year or mid next year.Does it mean that we are automatically going to witness another serious dip?It's been a few days since the halving and the market has been between pumping and dumping, but not much dumping.
Currently the price of bitcoin isn't pleasing anymore and I would want someone to tell me if there's more possibility for the price to drop more dip or maybe it will limits to only 60k.
Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your comments
Many people think that when bitcoin halving, we will see the price of bitcoin rise high but it turns out the price of bitcoin falls. but I think this is just a correction and the longer bitcoin seems to struggle below after reaching ATH, that is our best opportunity to buy bitcoin.
Ever since the Bitcoin halving we have seen the price of Bitcoin hovering between $60k and $67k which means we are not seeing much change in the market during this period. However, yesterday the price of Bitcoin broke the support of 60k dollars and moved from 55k dollars to 57k dollars. When the market broke the support of 60K dollars and came lower, then it seemed that maybe the market will cross the barrier of 50K dollars and after crossing the barrier of 50K dollars, the market may do a big dumping, but the market is very stable now. Since the market has dumped a lot from the peak price, the market is expected to be more positive at this time.
To reach a price as expensive as you mentioned will likely be very difficult to happen, Bitcoin needs good news that can trigger an increase in the price of Bitcoin. This year it could go to $73k again so it will be difficult to achieve. But if there is no good news then it will be difficult to reach the latest ATH price.Hmm, honestly I was not expecting such answer because I thought everyone must have the same mindset that BTC has the potential to cross $100k in this halving. But after reading your reply I got the sense that you do not think BTC could even make $77k then how would you think it can make $100k? So it means there would be many other people too who think the same that BTC can't touch $77k or $100k but it can touch $73k. Well I am not judging you just stating the fact which I created in my mind that everyone would be bullish but I think not everyone and its not a bad thing.
Many people think that when bitcoin halving, we will see the price of bitcoin rise high but it turns out the price of bitcoin falls. but I think this is just a correction and the longer bitcoin seems to struggle below after reaching ATH, that is our best opportunity to buy bitcoin.It is true that Bitcoin will increase when the halving happens. But the price will tend to drop constantly after the halving. So, nothing is surprising if the price of Bitcoin is decreasing now. The ATH is also achieved before the halving, so it makes sense if there is a big dump after the halving. We need a correction to balance the market condition. It is also needed to make a higher pump in the future.
I think the current downward movement of Bitcoin is absolutely normal especially now that it's happening immediately after halving. For a lot of people, they thought that immediately after the halving the price of Bitcoin will immediately move to the upward direction but unfortunately for them, they didn't get their expectations. Crypto experts who does read the cryptocurrency market had initially predicted that the price of Bitcoin will move downward direction immediately after halving before a significant movement in the upward direction which will also serve as the bull run. Bitcoin is currently a little above $60 but when the bull run will commence, it's expected that the price will go past the $60 price that many believes is the floor rate by a landslide.Many people think that when bitcoin halving, we will see the price of bitcoin rise high but it turns out the price of bitcoin falls. but I think this is just a correction and the longer bitcoin seems to struggle below after reaching ATH, that is our best opportunity to buy bitcoin.It is true that Bitcoin will increase when the halving happens. But the price will tend to drop constantly after the halving. So, nothing is surprising if the price of Bitcoin is decreasing now. The ATH is also achieved before the halving, so it makes sense if there is a big dump after the halving. We need a correction to balance the market condition. It is also needed to make a higher pump in the future.
So much bad news is always exaggerated and the goal is indeed to influence the price of bitcoin.
This $57k price is a good opportunity to start buying back or to accumulate holdings of bitcoin and some of the top altcoins.
The bad news has been arranged in such a way by those who want the price of bitcoin to be cheaper.
But when bitcoin starts to be bullish again, there will be a lot of positive news that appears.
I also senses the market when it got 55k if not of 54k I was like this is a sign to show that market will definitely touch 40k if we can't expect this sudden drop to 55k then what more of 40k but at some point there was a market pressure that pushes the price to 60k within 24hrs it gain another 3k plus to make it 63, I am not overwhelmed with this price anyway because I know bitcoin price is very difficult to predicts so, as an investors it's very important to hold tight and focused on your investment durations.There is no pump and dump in the market rather it has been moving sideways that is to say, market has been swinging between 60k to 67k since it finally achieved 73k as ATH we have never seen serious dip again neither do we see much rise above the previous ATH. We might likely see pump from ending of this year or mid next year.Ever since the Bitcoin halving we have seen the price of Bitcoin hovering between $60k and $67k which means we are not seeing much change in the market during this period. However, yesterday the price of Bitcoin broke the support of 60k dollars and moved from 55k dollars to 57k dollars. When the market broke the support of 60K dollars and came lower, then it seemed that maybe the market will cross the barrier of 50K dollars and after crossing the barrier of 50K dollars, the market may do a big dumping, but the market is very stable now. Since the market has dumped a lot from the peak price, the market is expected to be more positive at this time.
It is true that Bitcoin will increase when the halving happens. But the price will tend to drop constantly after the halving. So, nothing is surprising if the price of Bitcoin is decreasing now. The ATH is also achieved before the halving, so it makes sense if there is a big dump after the halving. We need a correction to balance the market condition. It is also needed to make a higher pump in the future.
Once we have seen ATH before halving so there is no difficulty to achieve another ATH after halving and still we have longer timing and once the effects of halving starts to occur then price will surely go towards huge gain. Going again from 57k$ towards 73k$ and above is not difficult for bitcoin but once correction takes place and it starts again to grow further.Let's prove whether it will come true or not, because many people's current predictions are that Bitcoin will reach a new ATH after the halving. But first, I would like to congratulate those who bought some Bitcoin at $57k yesterday, because the asset has now grown by 10% since then.
Let's prove whether it will come true or not, because many people's current predictions are that Bitcoin will reach a new ATH after the halving. But first, I would like to congratulate those who bought some Bitcoin at $57k yesterday, because the asset has now grown by 10% since then.Bitcoin get increasing more than 10% after dropping under $57k and congrats for the braveness buy back during bitcoin price not stable yet and always get correction. Bitcoin have reach new ATH more than last two months ago and halving still not bring or make bitcoin get reach another ATH price, but with daily day correction has moment to buy back and prepare with bitcoin recovery although slowly but has chance to earn much profit.
I am forced to remain optimistic about Bitcoin, which should be above $60k at a reasonable price at this time. Hopefully Bitcoin can prove to everyone that with Bitcoin we can get a glimmer of hope to make money.
Bitcoin's direction remains uncertain, but I was fortunate to have paired some USDT with BTC on Bitget's smart portfolio, which allowed me to accumulate more BTC as it dropped. Now that BTC is pumping again, I've already increased my holdings and am hoping this upward momentum continues for further profits.I think you are very smart about investing because when the bitcoin market is dumping a lot everyone should keep some usdt and with that saved usdt to buy bitcoins should make a good investment position. If Bitcoin is bought from such a position, it can be seen that a lot of success can be achieved by investing in a short period of time. I have the same mindset as you towards investing when there is a lot of dumping in the market I hold some USDT and it seems like there will be no more dumping from here and it will go up then I invest and it turns out that I got a lot of success in a short period of time.
Bitcoin get increasing more than 10% after dropping under $57k and congrats for the braveness buy back during bitcoin price not stable yet and always get correction. Bitcoin have reach new ATH more than last two months ago and halving still not bring or make bitcoin get reach another ATH price, but with daily day correction has moment to buy back and prepare with bitcoin recovery although slowly but has chance to earn much profit.It dropped to $56k, lower than $57k. ;)
Now bitcoin success break out to $63,700 and will the moment waiting for bitcoin returning back above $70k coming trues in few days later?
The dumping market for bitcoin will still exist, there is still the next wave that has not yet been created, just wait, I don't want to create FUD for bitcoin but from the analysis I did of several price movements after the halving it looks like it has decreased. Prepare as much USDT as you can.Bitcoin's direction remains uncertain, but I was fortunate to have paired some USDT with BTC on Bitget's smart portfolio, which allowed me to accumulate more BTC as it dropped. Now that BTC is pumping again, I've already increased my holdings and am hoping this upward momentum continues for further profits.I think you are very smart about investing because when the bitcoin market is dumping a lot everyone should keep some usdt and with that saved usdt to buy bitcoins should make a good investment position. If Bitcoin is bought from such a position, it can be seen that a lot of success can be achieved by investing in a short period of time. I have the same mindset as you towards investing when there is a lot of dumping in the market I hold some USDT and it seems like there will be no more dumping from here and it will go up then I invest and it turns out that I got a lot of success in a short period of time.
Yeah as this signals accumulation then if we do have USDT with us then we can fill in our bags right after we can pinpoint the best entry. You are absolutely right as I can also see down trend on 1 month time frame good sign for buyers but I don't know how deep it take this cycle until the next rally.The dumping market for bitcoin will still exist, there is still the next wave that has not yet been created, just wait, I don't want to create FUD for bitcoin but from the analysis I did of several price movements after the halving it looks like it has decreased. Prepare as much USDT as you can.Bitcoin's direction remains uncertain, but I was fortunate to have paired some USDT with BTC on Bitget's smart portfolio, which allowed me to accumulate more BTC as it dropped. Now that BTC is pumping again, I've already increased my holdings and am hoping this upward momentum continues for further profits.I think you are very smart about investing because when the bitcoin market is dumping a lot everyone should keep some usdt and with that saved usdt to buy bitcoins should make a good investment position. If Bitcoin is bought from such a position, it can be seen that a lot of success can be achieved by investing in a short period of time. I have the same mindset as you towards investing when there is a lot of dumping in the market I hold some USDT and it seems like there will be no more dumping from here and it will go up then I invest and it turns out that I got a lot of success in a short period of time.
Only whales can determine what price Bitcoin will fall to, we as ordinary traders who don't have a lot of money to influence the price of Bitcoin can't do anything other than wait for the whale's movements. Stay patient and increase the USDT we have so that when the price of bitcoin falls to a cheap price we can buy quickly.Yeah as this signals accumulation then if we do have USDT with us then we can fill in our bags right after we can pinpoint the best entry. You are absolutely right as I can also see down trend on 1 month time frame good sign for buyers but I don't know how deep it take this cycle until the next rally.The dumping market for bitcoin will still exist, there is still the next wave that has not yet been created, just wait, I don't want to create FUD for bitcoin but from the analysis I did of several price movements after the halving it looks like it has decreased. Prepare as much USDT as you can.Bitcoin's direction remains uncertain, but I was fortunate to have paired some USDT with BTC on Bitget's smart portfolio, which allowed me to accumulate more BTC as it dropped. Now that BTC is pumping again, I've already increased my holdings and am hoping this upward momentum continues for further profits.I think you are very smart about investing because when the bitcoin market is dumping a lot everyone should keep some usdt and with that saved usdt to buy bitcoins should make a good investment position. If Bitcoin is bought from such a position, it can be seen that a lot of success can be achieved by investing in a short period of time. I have the same mindset as you towards investing when there is a lot of dumping in the market I hold some USDT and it seems like there will be no more dumping from here and it will go up then I invest and it turns out that I got a lot of success in a short period of time.
Let's prove whether it will come true or not, because many people's current predictions are that Bitcoin will reach a new ATH after the halving. But first, I would like to congratulate those who bought some Bitcoin at $57k yesterday, because the asset has now grown by 10% since then.
I am forced to remain optimistic about Bitcoin, which should be above $60k at a reasonable price at this time. Hopefully Bitcoin can prove to everyone that with Bitcoin we can get a glimmer of hope to make money.
There are two good pieces of news that could trigger the price of bitcoin to rise to reach a new ATH at $73k. The Bitcoin ETF is approaching the halving, so many whales are taking advantage of this to create hype and when it reaches a new ATH they will gradually make the price fall again as is happening now.Let's prove whether it will come true or not, because many people's current predictions are that Bitcoin will reach a new ATH after the halving. But first, I would like to congratulate those who bought some Bitcoin at $57k yesterday, because the asset has now grown by 10% since then.
I am forced to remain optimistic about Bitcoin, which should be above $60k at a reasonable price at this time. Hopefully Bitcoin can prove to everyone that with Bitcoin we can get a glimmer of hope to make money.
No one can give any surety about the price but it is all speculated about the price according to which people are buying and selling their coins. Sudden attainment of new ATH after halving is not easy but it will take time to go towards new ATH of more than 73k$.
Everything happens but people don't want to wait therefore they don't trust the effects of Halving as they wish for sudden effects but halving is not showing anything according to their knowledge and expectations.
Accumulating Bitcoin at lower worth will be full of profit so if you are worried about dip then it will not give you anything but if you take profit of this down turn then you can easily take benefit.
Does it mean that we are automatically going to witness another serious dip?I also thought of $60k as the floor rate but it already dipped below $60k once after the halving but quickly rebounded. I still expect the floor rate of Bitcoin to be $60k but recently the price of Bitcoin seems to be falling again. But still within $62k. But I think if Bitcoin price falls below $60k again then its floor rate could be $50k. Bitcoin's movement does not appear to be stable within a fixed price zone so far. btc price still unstable and high volatile
Currently the price of bitcoin isn't pleasing anymore and I would want someone to tell me if there's more possibility for the price to drop more dip or maybe it will limits to only 60k.
Naturally I am having this feeling that 60k isn't gonna be the floor rate we might see before bull run start fully.. drop your comments
I also thought of $60k as the floor rate but it already dipped below $60k once after the halving but quickly rebounded. I still expect the floor rate of Bitcoin to be $60k but recently the price of Bitcoin seems to be falling again. But still within $62k. But I think if Bitcoin price falls below $60k again then its floor rate could be $50k. Bitcoin's movement does not appear to be stable within a fixed price zone so far. btc price still unstable and high volatileThe current price volatility of Bitcoin can be used to continue to accumulate the assets we have.