Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: MrSpasybo on July 01, 2021, 01:02:09 AM
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The Bitcoin price surge in the last 4 days from $30K to $36K has given the whole market more energy, we see altcoins rally quite strongly during the week, between 20-40%. The number of crypto withdrawals from exchange increased and we have no more notable FUD. I have the feeling that investors have forgotten obsession of the past 6 weeks, they are ready to get back into market and spend more money into crypto.
Have whales gathered enough Bitcoin & Altcoins to start a new FOMO phase to attract new money, to push the total capitalization from $1.5T to $6T? Or will we have to face another very strong whale dump before we can see the strongest growth in this bullrun?
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The Bitcoin price surge in the last 4 days from $30K to $36K has given the whole market more energy, we see altcoins rally quite strongly during the week, between 20-40%. The number of crypto withdrawals from exchange increased and we have no more notable FUD. I have the feeling that investors have forgotten obsession of the past 6 weeks, they are ready to get back into market and spend more money into crypto.
Have whales gathered enough Bitcoin & Altcoins to start a new FOMO phase to attract new money, to push the total capitalization from $1.5T to $6T? Or will we have to face another very strong whale dump before we can see the strongest growth in this bullrun?
IMO, I believe its too early to say that mate, let's assume that the Bitcoin price continues to rise for a while but it doesn't mean that the market is fully recovered, what I believe is it is only a temporary rally and we don't know yet how far it will go? that's why it has no guarantee, But in the meantime let us enjoy these Bitcoin and altcoin rallies because we don't know when the FUD will come again.
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It is still very difficult to predict the extent to which btc was accumulated or numbers of Btc that is actually required to ignite a big rally. In my opinion, some time I think that a big accumulation may not necessary start a big rally because of the directions of the RED and GREEN candles movements on a good TA/FA analysis point of view. High demand of btc can bring a big rally but may not take this pattern all the time because various factors like, negative speculations/news.
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Bitcoin halving can increase the price of BTC and it has been proven, although we see the crypto market cap has fallen, but some Hodlers still keep their coins and we can expect new investors to come to increase the number of requests.
The news about the closure of some Bitcoin mining companies also affects the current situation of the crypto market, we can be a little patient and wait for the latest information from several countries to increase investors' confidence when they plan to put in some money to invest in crypto
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Its always incredibly difficult to predict these things, nobody can ever give accuracy on such things. I will be intrigued in September regarding El Salvador
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Since after the correction/dip, I see Bitcoin kinda moving in a parallel channel for now and might consider this accumulation but cannot predict like others have said where is the price going next, up or down?
(https://i.imgur.com/UocOqdF.jpg)
Though I still believe that we could see an uptrend in Bitcoin price sometime in 2021 before the proper bear market.
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In the past few weeks we have seen many whales accumulating more and more Bitcoin and the general sentiment is that they are already expecting a big surge of Bitcoin to happen soon. However, with Bitcoin market really unpredictable no one can be sure of what can happen...as what I am always saying we can only guess, speculate and sometime wish. Nevertheless, with this good signal from Bitcoin I guess a good number of investors can be buying more.
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One thing is certain in the bearish season no matter how the market fall there's always certainty that the Cryptocurrency market will surely rise, but the problem here is that people most dump in the atmosphere of doubt and fear because of the bearish that took place last four weeks.
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I read that btc is in accumulation zone, whales have been accumulating btc since the recent drop and still do, who knows when they will finally accept to have accumulate enough so the market can rally once more, the only thing left to do is be patient and hodl all good project and don't sell for pennies to whales, await the market recovery.
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Recently, I have been seeing a picture of bitcoin that it lacks something, because as soon as it starts to grow, I see a certain obstacle and it goes down sharply, maybe someone is doing it artificially, or maybe it's an accident.
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I have read that many experts think that now market will take months to recover and back on bullish track but in my personal view in few weeks market will start growing again as few weeks of correction have already passed and do not forget that we are in a macro bull market so need to stay positive.
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From the look of things one can easily tell this is whales manipulation of the market in other to have the opportunity to buy at low price, this has always being the game 9f crypto, once the market have pumped to a certain level the whales will take profit and crash it down for an opportunity to buy even lower, and weak hands will fall into this trap and panic sell, let them accumulate as much as they can.
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It seems that the market is just marking time, while prices go up and down a little. After the recent promising slight rise in prices in the cryptocurrency market, we see another slight drop again today. Bitcoin price is now $ 32,934 and ethereum $ 2,044. It looks like we won't see good growth in this market until the fall. Midsummer and its second half have almost never been a good period for price increases.
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The price of Bitcoin has been fluctuating between 30,000 and 40,000 in the recent cryptocurrency market. It is seen in the market that if the price of Bitcoin increases a little, then it goes down again. The price of Bitcoin fluctuates. There is nothing to be disappointed about. I think the market has not reached its peak yet.
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It seems that the market is just marking time, while prices go up and down a little. After the recent promising slight rise in prices in the cryptocurrency market, we see another slight drop again today. Bitcoin price is now $ 32,934 and ethereum $ 2,044. It looks like we won't see good growth in this market until the fall. Midsummer and its second half have almost never been a good period for price increases.
In these summer months, it is unlikely that the situation on the cryptocurrency market will change much. Yes, now the price has grown a little: bitcoin has risen to $ 34,852, and ethereum to $ 2,387. However, I am not sure that the upward trend will continue in the coming days and that prices will not begin to decline after that. Therefore, it is too early to draw any conclusions. Traditionally, the rise in prices in this market occurs in the fall.
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He may have accumulated normal investments, but the market can lower us all to the very bottom and keep these savings on another uptrend. I think that this is a very correct decision for the market.