Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: tonymillions84 on February 24, 2020, 11:53:06 PM
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We all noticed that the market has rejected the 10,000 usd price mark 3 times this year. it looks obvious that we might sink lower due to selling pressure. do you think there will be the fourth price movement toward 10,000 Or are we about to slide down to 8000k
Your thoughts.
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I think that the price of bitcoin and the entire cryptocurrency market will grow slowly in the near future. Moreover, the closer the time of halving the reward for each new block of bitcoin mined is approaching, the faster its growth will be. This movement will be accompanied by periodic temporary price drops. After all, many will use market growth in order to exchange cryptocurrency for fiat. However, in general this year I expect a good growth in the cryptocurrency market, and especially our altcoins.
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I think that right now, for some time, the cryptocurrency market will grow a little and then will fall to a certain point and most likely closer to the bitcoin halving itself, a real bitcoin pump will begin and altcoins will also increase in value.
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More precisely it will be stable at $ 10000 until halving really happens to bitcoin this year. That event will determine whether people will immediately buy bitcoin or switch to another coin because they think halving will make bitcoin prices expensive.
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Price growing slowly. It's natural that price will do these types of movements. I hope there will be another bull run after this price dip. We have already seen good growth in the crypto market this year hope it will continue.
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We all noticed that the market has rejected the 10,000 usd price mark 3 times this year. it looks obvious that we might sink lower due to selling pressure. do you think there will be the fourth price movement toward 10,000 Or are we about to slide down to 8000k
Your thoughts.
Nice observation that was a two way possible, but base on the market statistics it was showing a bearish performance in the recent trading periods, thats why it was highly possible to dip more below 9000$ in the next days even also altcoins particularly Ethereum was showing a bearish performance in the recent trading period today it was fell at 236$ so expect more dip to come correction was the main reason they are pointed out but I doubt it, because it may involve the long-delayed Ethereum 2.0 upgrade, topic who knows it was the real reason.
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Probably above $ 10000 and the lowest price this year of $ 8000. I analyze it will happen because of the halving factor whether it will succeed in making investors buy more or sell because of bad news during the halving in bitcoin.
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I don’t know how exactly the price will go in the near future, but I think that in the next half a year or a year we will all see the price increase of most cryptocurrencies.
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If the virus plague caused the world economy in a bad form. Most industry got negative impacts of this plague. Crypto market is also decreasing because of the virus plague. For the next move, I think crypto market is still in bearish and will struggle to move up a little.
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Pretty sure things might become favorable unto us after this world wide covid. The virus affected deeply everyone's activities and damaging the economic growth of Every country.In addition bitcoin is not disabled or dead not to reach 10k or beyond every predictions.
Let us not forget that we are in volatile market place where shifting of prices is always possible.
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You don't need to worry about that. You just have to believe about Halving bitcoin which will happen in May. It does not matter if it cannot pass 10k usd for now, most importantly, when halving occurs, 1 year later the price of bitcoin will be higher than 20k usd.
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You don't need to worry about that. You just have to believe about Halving bitcoin which will happen in May. It does not matter if it cannot pass 10k usd for now, most importantly, when halving occurs, 1 year later the price of bitcoin will be higher than 20k usd.
Personally, I am not worried so much but it seems that halving won't bring big thing for Bitcoin price or altcoins prices this year. With the crisis in world's economy and health, we can't expect much in bullish. The bullish in Bitcoin needs support from positive news in the world.