Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: alltalk on June 19, 2020, 10:52:20 AM
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Bitcoin price history during June 2020. (taken from coinmarketcap)
(https://i.imgur.com/L0zed3E.jpg)
If you looked at the price of Bitcoin during June 2020 above, you must know that the price tends to drop or decline. Till today, the price is getting to drop lower and still no sign for an upcoming rising up. Actually, it is not surprising, after some previous surges, there should be declines (correction). But for BTC holders that target their goals or expect profits in short term, this is not a good sign. The price probably continues dropping and hard to come back again in the positive trend (green mark). So, what is the solution? We only have 2 options: Cutloss or HODL. Now it depends on you to choose what option. Anyway, what do you think about the next move in BTC price? Do you agree with me that the price tends to drop or not? Please share your opinion. ;)
Picture source: https://coinmarketcap.com/currencies/bitcoin/
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There is a risk of accelerating the decline in the short term. Note the 9300 support line at the lower level.
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There is a risk of accelerating the decline in the short term. Note the 9300 support line at the lower level.
The current price is around the support line, it is $9,394. I am not really sure what will happen next since the current price moved quite slow but not impossible to bring a surprising move. In my personal view, the price still survives around this rate for this week. Yeah, the sideway was happening for quite long time. It will be very nice if we can see the upcoming rising up next week. I think we need a positive movement to keep the hope for a big move in the end of 2020 or in 2021 (halving effect).
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June is a bad time for Bitcoin's price. We all expected much to see the improvement in Bitcoin's price. But instead, the price dropped gradually. I assume that the Bitcoin holders are quite disappointed. However, there is no choice but to keep holding until the next surge.
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This month, bitcoin seemed very difficult to increase. I don't know what's happening with Bitcoin, it declined and continued till today. It is hard to predict whether it continues to decline or it will decline temporarily, then it will increase again. I just keep holding because I trust in Bitcoin's future.
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Actually I planned to sell many of my Bitcoins in June because I have already bought the Bitcoins before the halving. But it is a very bad time to sell, the rice is decreasing much and don't know when to improve again. I expect that in the end of June, the price rises again.
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This week is not the era of Bitcoin. the price of BTC is down significantly and it has sideaway on the market. It may be not good if the condition of the market just like this for the next week. Can it really increase again? I think that the price will hardly reach $10k again. I don't know, BTC is already for halving but the price is surprisingly not as what we expected.
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We should not be disappointed considering that BTC is holding on within the $9,000 range. We should actually be thankful with this level which is kinda stable for Bitcoin. We should be hoping that maybe by July things can get better for the King of Crypto.
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For me, I'll wait, I won't cut losses, it is only the value that will loss not the numeric qty of BTC. we know that loses is just temporary, Bitcoin will surely go ups so I just wait for my profit rather than give in so easily. After all, we invest because we want to get profit. Bitcoin has already proven that it will comeback no matter how hard it falls so keep waiting until we get our desire profit.
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I think this is normal situation, price can swing to any directions. Also, It all depends on individuals plans in the current market and in my situation, I will hold to reap my targeted profit. Remember that Bitcoin is still very unpredictable and obviously, anything can happen. I only advise anyone to be courageous especially on holding even in this current situation of the price.
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The price of Bitcoin is still good, it can stay above $ 9,000, and I think this is good luck for Bitcoin. Because, my big fear is when Yesterday Bitcoin failed to raise prices after Bitcoin Halving The price of Bitcoin will plummet because of fear from traders and investors. But apparently the price of Bitcoin can still survive above $ 9,000, of course this is a good thing.
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Bitcoin prices will still beardish this June, if not yet able to breakout from the level of US $ 6000. Currently, Bitcoin is still moving sideways in the range of US $ 3000 to US $ 4000.
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~But apparently the price of Bitcoin can still survive above $ 9,000, of course this is a good thing.
Yes, I agree that it is a good thing to see the Bitcoin price can survive above $9,000. But the current price tends to decrease, who knows tomorrow the price will be below $9,000. It is very possible because the price is decreasing gradually right now and I see no significant improvement anymore for weeks. Let's hope this is not the sign for an upcoming bearish, but only a temporary decline to jump again at higher prices.
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I think this is normal situation, price can swing to any directions. Also, It all depends on individuals plans in the current market and in my situation, I will hold to reap my targeted profit. Remember that Bitcoin is still very unpredictable and obviously, anything can happen. I only advise anyone to be courageous especially on holding even in this current situation of the price.
Nothing is surprising here actually. Well, all we can do is wish, hope and even pray that by next month July BTC can be making some acceleration so that it can be able to breach the $10,000 as that level can be a good impetus for more growth.
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According to chart analysis ( from binance ) , I think that there is really highly chance that bitcoin ready to start bull run , hopefully Bitcoin again touch all time high in between 2020-2021 .
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According to chart analysis ( from binance ) , I think that there is really highly chance that bitcoin ready to start bull run ,
When the bullrun will start? Does the analyst say the exact time that the bullrun possibly happens? I still believe that the bullrun can happen but not really sure when the time to happen. It can be at the end of 2020 or in 2021 or in 2022. No guarantee about the time that the bullrun to happen.
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The last trend of the curve is showing a growing up. Present situation better that time when its price reached in the bottom line. Its the common characteristics of every market. Todays price decreasing does not mean it will never turn up. BTC market is really a good platform and its price will surely increase.
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Over the past three days, I see a gradual increase in the price of bitcoin, which today rose to $ 9,466. Now in the world of finance, a very difficult situation is developing, which for cryptocurrency can and should result in good growth. However, this may be closer to the end of this year and next year. Now, the price of bitcoin and cryptocurrency as a whole can periodically rise and fall depending on the factors influencing it.
In the first months after reducing the remuneration to miners by half, usually the price of bitcoin drops, so the current price condition of bitcoin is still very good. We should not sell our cryptocurrency now, soon we will see its significant growth. We need patience.
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I think we will see that the bad time for Bitcoin's price in June to be over. The price of Bitcoin seems to increase gradually, and today it can grow up to $9,500. It indicates that Bitcoin is improving its value again and if it continues, then we will see it can break the next price level, above $10K.
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I am not understand that why not the BTC is going to be high becasue so many coins are just wait for the BTC becasue all the crypto market is run by the BTC and when the BTC is going to be high then the other coins will also make a great pump and on that time we make good money in the crypto market.
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I don't really understand what you're talking about. Please make better sentences and be clear in explaining it. I suggest using punctuation to make it easier to understand. Anyway, regarding BTC still can't go up high, it may be caused by some investors already took profits on the previous surge. It is not surprising that there will be a correction a moment. As others stated that we are better to HODL and wait for the surge.