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Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: TomPluz on April 28, 2022, 07:31:23 AM

Title: BTC: Once Again at $39K For Lack of Reasons?
Post by: TomPluz on April 28, 2022, 07:31:23 AM

(https://pbs.twimg.com/media/FRaGVtoaQAA6YMy?format=jpg&name=small)

When I entered preev.com I see that Bitcoin is once again entering the $39K zone and can be hitting $38K soon...maybe before there will be some bulk buying especially from big investors and then days from now it would be rising beyond $41K. This has become a cycle of Bitcoin these days...and if you look at it am sure there are many traders making good money out of this predictable trend.

So what do you think are the reasons why Bitcoin is not able to go beyond the $45K level and seems to be stuck with this cycle...? As for me, the biggest reason (and can be more out there, really) is the lack of reasons in itself thus we don't see a good level of excitement for Bitcoin in this month...so should we expect a better month in May for Bitcoin?

Title: Re: BTC: Once Again at $39K For Lack of Reasons?
Post by: cheezcarls on April 28, 2022, 09:57:37 AM

Quote from: TomPluz on April 28, 2022, 07:31:23 AM

(https://pbs.twimg.com/media/FRaGVtoaQAA6YMy?format=jpg&name=small)

When I entered preev.com I see that Bitcoin is once again entering the $39K zone and can be hitting $38K soon...maybe before there will be some bulk buying especially from big investors and then days from now it would be rising beyond $41K. This has become a cycle of Bitcoin these days...and if you look at it am sure there are many traders making good money out of this predictable trend.

So what do you think are the reasons why Bitcoin is not able to go beyond the $45K level and seems to be stuck with this cycle...? As for me, the biggest reason (and can be more out there, really) is the lack of reasons in itself thus we don't see a good level of excitement for Bitcoin in this month...so should we expect a better month in May for Bitcoin?

The problem is that we just don't know the exact reason behind BTC getting stuck in this cycle. There are many factors behind it, no matter if it's pumping, dumping or just simply treading water. There are also no guarantees or promises that next month would be better for Bitcoin. Always expected the unexpected as things like this may happen without warning.

Title: Re: BTC: Once Again at $39K For Lack of Reasons?
Post by: Freemind on April 28, 2022, 11:17:42 AM

I think the main reason Bitcoin is holding for several days in a cycle from $38,000 to $41,000 is the whales. There may be interest in holding value in those areas before going higher or lower, and this is coming from months ago when there was much more buying pressure. Now we cannot say that it is FUD or bad news of a specific sector since the latest news about Bitcoin and crypto is quite positive for the ecosystem, that's why I think some whales are responsible.

Title: Re: BTC: Once Again at $39K For Lack of Reasons?
Post by: pacar_tiri on April 28, 2022, 01:53:21 PM

I agree with opinion above, bitcoin pice in a cycle from 38k USD- 41K is the whales. Before bitcoin will pump or dump.
I think we should wait to for several weeks again to see the bitcoin trend will down to the bottom or will soar.
Keep hold your BTC

Title: Re: BTC: Once Again at $39K For Lack of Reasons?
Post by: Master107 on April 28, 2022, 04:08:51 PM

He who are whales club can control the game. Yeah, the price is annoying to repeatedly pullback to $39k after awhile in +$40k. Yet we couldn't remember recent negative news about Bitcoin nor crypto that might drastically impact to send the price to hell.

Btw, every time the price drops whales will accommodate and grab the opportunity.

Title: Re: BTC: Once Again at $39K For Lack of Reasons?
Post by: lepbagong on May 15, 2022, 05:41:17 AM

yes, after struggling with the price for a long time in the $33K-$47K range, bitcoin is currently entering a phase below $30K which previously happened in July 2021. Of course this is beyond the predictions of all analysts because they do not predict that bitcoin will fall below $30 K, but in fact it has happened.
even though there is no FUD, but bitcoin has not been able to maintain its price this long, let alone want to expect it to increase.
no one can predict why bitcoin continues to decline, is it true that there is a whale influence who really wants the price to go down and shelters all the bitcoins, which many sell because they don't want to accept a lot of losses.

Title: Re: BTC: Once Again at $39K For Lack of Reasons?
Post by: de_prof on May 15, 2022, 08:13:11 PM

I agree with several opinions above  that said bitcoin price 30k USD is the whales price.
I think It makes sense.
It's the point before pump or will dump more.