Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Sarionadukecom on July 04, 2024, 10:47:59 PM
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This month didn't start good fr crypto traders due to BTC instability. Let's share ideas. Where do you think we're headed. Downhill or back to 70k?.
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This month didn't start good fr crypto traders due to BTC instability. Let's share ideas. Where do you think we're headed. Downhill or back to 70k?.
The thing we should be prepared for in the market is that, bitcoin market is full with unexpected outcomes and this is one of such unexpected price correction that we have being talking about all the while, some of those people who bought bitcoin when the price slide down to 65k thought that it was the lowest that bitcoin could fall to, but up until now that we are seeing bitcoin falling deeper and now at below 60k price which is not too good for those that bought bitcoin at high price of around 65k to 70k thinking it will correct back to at least 75k to 80k as previously reached.
The only thing right now is to continue holding your Bitcoin if the price is far lower than what you bought it, you only lose when you sell below your bought price but if you hold at least the price will recover in the coming days.
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This month didn't start good fr crypto traders due to BTC instability. Let's share ideas. Where do you think we're headed. Downhill or back to 70k?.
Are you not getting tired in following up on the market trends every month. Bitcoin has just shown that, it can only be predicted and those predictions will only be viewed as speculations and nothing more can be done about that. Bitcoin might go dipper than this or can just decide to have a reverse and the selling will stop. Just have in mind that, the bull periods are fast approaching also. The much anticipated bull season will soon be on to us. So these are good times to accumulate and gather a lot of bitcoin and be prepared for the bull run. There’s no ascertain to where the next price of bitcoin will be, just that speculations on them will only continue.
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It's a speculation game when news about one Government transferring BTCs to several exchanges and then there's the Mt. Gox victims finally getting paid. Give it a bit of time and the market will absorb all the dumping before we head to a new ATH breaking $80K and potentially the $100K.
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It's now back to highs of $58k, so it means that that are buyers from $56k'ish and now pushing it a bit higher. So I guess we shouldn't really panic as this point, sooner or later the market will bounce back.
We are still in the bull run, so this could be just another leg down for us, before we can see the price recovering and going on a parabolic rise at the end of the year. On the other hand, if you have that capital right now, this is a perfect opportunity to accumulate.
And I don't think that we are heading downhill, as I have said, market is slowly getting up and we might be seeing $60k again.
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This month didn't start good fr crypto traders due to BTC instability. Let's share ideas. Where do you think we're headed. Downhill or back to 70k?.
continues to drop down mate and thats sad to see when the 3rd quarter starts like this
https://coinmarketcap.com/currencies/bitcoin/
Bitcoin Dips to $56,952 as Market Reacts to Mt Gox and German BTC Moves
https://news.bitcoin.com/bitcoin-dips-to-56952-as-market-reacts-to-mt-gox-and-german-btc-moves/#google_vignette
according to the report it says this is the reason why bitcoin fell down to 56k because of the distribution
and also about that 3000 bitcoins transferred to unidentified wallets in which makes some bad implications to other users.
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This news is the reason why Bitcoin has hit a four-month, lowMt. Gox moves $2.7B in Bitcoin to new wallet address (https://cointelegraph.com/news/mt-gox-moves-billions-bitcoin-unknown-wallet-address). Wait for more price plummet and then wait for the victims, I am sure many will go ahead and sell their Bitcoins which will again cause a crash. This is the time when accumulating more Bitcoin should be in the mind of those who are concerned with the current price.
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It's a speculation game when news about one Government transferring BTCs to several exchanges and then there's the Mt. Gox victims finally getting paid. Give it a bit of time and the market will absorb all the dumping before we head to a new ATH breaking $80K and potentially the $100K.
Logical... this makes more sense and this is how the market works, some people who have short planning, are more suited to buying at times like this taking sell orders belonging to MT Gox users that have just been paid... and for investors long term... HODL is the usual path to take while waiting for this bearish period to end.
Let the sell order be absorbed by many whales or for those who want to buyback, this is the right time to fill our wallet with other BTC.
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This month didn't start good fr crypto traders due to BTC instability. Let's share ideas. Where do you think we're headed. Downhill or back to 70k?.
Are you not getting tired in following up on the market trends every month. Bitcoin has just shown that, it can only be predicted and those predictions will only be viewed as speculations and nothing more can be done about that. Bitcoin might go dipper than this or can just decide to have a reverse and the selling will stop. Just have in mind that, the bull periods are fast approaching also. The much anticipated bull season will soon be on to us. So these are good times to accumulate and gather a lot of bitcoin and be prepared for the bull run. There’s no ascertain to where the next price of bitcoin will be, just that speculations on them will only continue.
No kidding. I'm tired ahah. Woke up to see BTC at 53k. Let's hope your analysis is right!!.
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This news is the reason why Bitcoin has hit a four-month, lowMt. Gox moves $2.7B in Bitcoin to new wallet address (https://cointelegraph.com/news/mt-gox-moves-billions-bitcoin-unknown-wallet-address). Wait for more price plummet and then wait for the victims, I am sure many will go ahead and sell their Bitcoins which will again cause a crash. This is the time when accumulating more Bitcoin should be in the mind of those who are concerned with the current price.
You're good with TA right? Do you think BTC will go further below due to this news??
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MtGox officially announced the start of payouts. The first creditors have received their payments in accordance with the Recovery Plan.
Payments to the remaining creditors will be made immediately as soon as all conditions are met:
- Confirmation of the validity of registered accounts and other matters.
- Agreements by creditors to participate in this process.
- Finalization of discussions between the trustee and the specified cryptocurrency exchanges regarding disbursements.
- Confirmations that disbursements can be made safely and securely.
Source link: https://www.mtgox.com/img/pdf/20240705_announcement_en.pdf
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This news is the reason why Bitcoin has hit a four-month, lowMt. Gox moves $2.7B in Bitcoin to new wallet address (https://cointelegraph.com/news/mt-gox-moves-billions-bitcoin-unknown-wallet-address). Wait for more price plummet and then wait for the victims, I am sure many will go ahead and sell their Bitcoins which will again cause a crash. This is the time when accumulating more Bitcoin should be in the mind of those who are concerned with the current price.
You're good with TA right? Do you think BTC will go further below due to this news??
You don't need to be good in TA, and if you are not then just observed the market. And if your plan is to buy check, then simply buy at small steps, go buy at $54,000 and if it goes down to $50,000 buy more.
We really can't stop the market to bleed because of the Mt. Gox news, the good thing is that we should be continuing with our DCA, buy cheap Bitcoin and accumulate and HODL. We shouldn't be affected by the current drop, specially if you are looking at the bigger picture, 2025 could be the last stop and we are expecting a massive bull run.
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This month didn't start good fr crypto traders due to BTC instability. Let's share ideas. Where do you think we're headed. Downhill or back to 70k?.
The market is at the selling trend for now. I am not expecting bull run because the news now is not even favoring at all. News like United States and Germany sending coins to exchanges. Also that Mt. Gox stolen coin given back to the affected victims may be sold by the victim which could have been one of the the reasons for this bear market. Some bulls are also selling. Anything can happen because we have just started the month of July but I am not expecting something positive this time around.
For people that have not sold their coins, it is better not to sell in loss because bitcoin will later increase in price again and get to all-time high.
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For people that have not sold their coins, it is better not to sell in loss because bitcoin will later increase in price again and get to all-time high.
I don't think anyone doubts that bitcoin will have a new ATH. However, it's unlikely to be this year as the pressure on the market due to the news about mtgox repayments will be there for a long time. As far as I know, mtgox creditors will probably have to wait up to 3 more months, and this fact will probably have a negative impact on the market throughout this time.
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It's now back to highs of $58k, so it means that that are buyers from $56k'ish and now pushing it a bit higher. So I guess we shouldn't really panic as this point, sooner or later the market will bounce back.
We are still in the bull run, so this could be just another leg down for us, before we can see the price recovering and going on a parabolic rise at the end of the year. On the other hand, if you have that capital right now, this is a perfect opportunity to accumulate.
And I don't think that we are heading downhill, as I have said, market is slowly getting up and we might be seeing $60k again.
in fact, currently BTC continues to fall until it reaches a price of 54k$, don't know in the next minute whether there will be an increase or continue to decrease,
This is what makes Bitcoin and other crypto owners panic, afraid of experiencing deeper losses so they release some of the assets they own so as not to suffer losses, don't know whether this method is correct or not but the reality is that when you panic there will definitely be regular asset sales
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This month didn't start good fr crypto traders due to BTC instability. Let's share ideas. Where do you think we're headed. Downhill or back to 70k?.
You are right, this month was really not good for BTC I hope we can pass it by using some time machine or going through a cave (just like in the dark) well fun aside. I think the current market might even go below $50k. This is my first post where I am saying it because there is too much fud and the pressure of sell is big. MT gox is distributing funds and I think people are selling them otherwise there won't be a big impact on such sales. Plus Germany thought hey why not I sell my stash right now.
Well, besides this selling pressure, I say the market will recover from the dump not until October because Mt Gox will be refunding assets till then and after that, we might see a good pump in the price of BTC. My prediction is in the first quarter of 2025 not sure but still till then BTC will make it.
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This month didn't start good fr crypto traders due to BTC instability. Let's share ideas. Where do you think we're headed. Downhill or back to 70k?.
As you can see, Bitcoin unstable price movements make us confused about determining the direction of Bitcoin's price movements, but yesterday was a good opportunity to enter Bitcoin at a cheap price and currently the price of Bitcoin has gone up again. At least we have to remain calm when holding Bitcoin and never be afraid of a Bitcoin price collapse because this is a price correction that usually occurs and it is certain that some time later the price will bounce back high. With Bitcoin price movements like this, there is a possibility that the Bitcoin price will reach $70k again soon.
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It is natural to see a downward trend after all this negative news about sending Bitcoin confiscated by the US and German governments to exchanges, as well as distributing Bitcoin to the Mt.Gox exchange at the same time. I don’t know if this is a whale game or a government game?
But regardless, all Bitcoin holders in the long term do not care about all this decline or this negative news because they have a clear goal of at least 100K. I do not think that they waited all those years to sell for less than this price. As for those with weak hands who gave up their Bitcoin easily due to some negative news, they will inevitably cry in the end.
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This month didn't start good fr crypto traders due to BTC instability. Let's share ideas. Where do you think we're headed. Downhill or back to 70k?.
Yeah, the month has just started and Bitcoin is not showing any positivity yet. But to be honest, Bitcoin always follows the same trend. Sometimes it goes up and up, and suddenly the Bitcoin price drops due to a certain event. This time, everyone knows why Bitcoin's price is going down.
In this scenario, I can suggest starting to buy for those people who are waiting to invest in BTC. This is the best opportunity as the price is low. Maybe if they can wait a little longer, the price will go down even more, and then they can invest. For those who already have BTC, my advice to them is to hodl and not to get caught up in FOMO. There is a big chance that Bitcoin will go up in the upcoming month.
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This month didn't start good fr crypto traders due to BTC instability.
Some would disagree with you, because volatility is exactly what attracts people to invest in BTC. The fact that the price went down for some is just a great opportunity - because whoever bought at $53k could already sell for $58k - and those who trade with serious amounts earned $5000 on just one BTC - now imagine that you have 10 BTC ;)
Let's share ideas. Where do you think we're headed. Downhill or back to 70k?.
Whatever someone writes is just speculation because no one can predict in which direction the market will move. Every scenario you can imagine is possible, only the odds are different. What is certain is that investors still act like scared children whenever BTC loses only 5% in value, and I wonder what would happen if it lost 50% overnight?
Learn to live with it, or buy gold and watch yourself lose or gain 5% in value throughout the year.
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This month didn't start good fr crypto traders due to BTC instability. Let's share ideas. Where do you think we're headed. Downhill or back to 70k?.
If Bitcoin will continue to fall it might reach $51k+ and if it still insist to fall I think it will reach $43k+ and the possible lowest point would be $30k+ and after that healthy pullbacks it will go back up and there's a high possibility of reaching $80k-$150k as Bitcoins new all time high. I could be wrong here but who knows?
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This month didn't start good fr crypto traders due to BTC instability. Let's share ideas. Where do you think we're headed. Downhill or back to 70k?.
If Bitcoin will continue to fall it might reach $51k+ and if it still insist to fall I think it will reach $43k+ and the possible lowest point would be $30k+ and after that healthy pullbacks it will go back up and there's a high possibility of reaching $80k-$150k as Bitcoins new all time high. I could be wrong here but who knows?
Isn't it too risky that if BTC reaches/touches the price of 30k$ there will be panic among users, especially newcomers. for whales the price of 30k$ is the right price to fill up and just wait until the peak even though the new ATH will only be 80-85k$ they can still make a profit
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It's a pity that Bitcoin is the subject of discussion every day, there are those who praise it and those who berate it.
There are those who feel happy because of its decline, there are also those who are sad and uneasy about it.
There are those who smile because of the increase there are also those who are sad and regretful because of the increase too.
Will Bitcoin return to its highest price again?
Maybe yes but the journey to ATH will be very slow why because many people have made purchases when the price reaches $53k.
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The price did decrease so if it is a lose in profit for you then buying more when the price is at it's lowest at this time then may be profitable in the future once the price increases although we won't be able to know or to tell when it will increase but one thing that I can say is that, it will increase again or even reach it's ATH or even new ATH just like what happened when it breaks it's ATH before.
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This month didn't start good fr crypto traders due to BTC instability. Let's share ideas. Where do you think we're headed. Downhill or back to 70k?.
Mt. Gox are planning on repaying their creditors the money they lost this month, so i believe weaker hands could be selling because of that, of course that is not the only reason for the price fall, but it is one of it. To be honest, i don't worry if we are going up or down in price, and if you are a long term holder, you'd not worry too. If the price falls, you can buy more if you can, if you cannot, you have to be patient.
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This month didn't start good fr crypto traders due to BTC instability. Let's share ideas. Where do you think we're headed. Downhill or back to 70k?.
Mt. Gox are planning on repaying their creditors the money they lost this month, so i believe weaker hands could be selling because of that, of course that is not the only reason for the price fall, but it is one of it. To be honest, i don't worry if we are going up or down in price, and if you are a long term holder, you'd not worry too. If the price falls, you can buy more if you can, if you cannot, you have to be patient.
The most important thing is to be patient and not be seen continuously so that the heart and mind are not restless when Bitcoin experiences a big decline as happened yesterday, try not to open or check the wallet or funds in the market (CEX), keep thinking positively and start occupying yourself with other work or can be left sleeping lol why do I say that because it is not only one person who feels the same way but thousands to millions of people who feel the same way.
I also patiently waited from 2022 until now I was trapped by FOMO in the bullish season and now I have sold everything and now I no longer want to buy or hold any tokens except Ethereum, Solana and BNB, there are enough lessons that I have experienced from 2021 until now. :)
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The most important thing is to be patient and not be seen continuously so that the heart and mind are not restless when Bitcoin experiences a big decline as happened yesterday, try not to open or check the wallet or funds in the market (CEX), keep thinking positively and start occupying yourself with other work or can be left sleeping lol why do I say that because it is not only one person who feels the same way but thousands to millions of people who feel the same way.
It's a bad habit to store crypto in an exchange either CEX or DEX. It's much better if you store in a non-custodial wallet where you alone should be the only one managing the crypto funds in a wallet. Checking for news won't be a bad idea either and checking price when you have the time to do and see if you will be able to gain profit or gain money to recover what you have lose when the price decreased.
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It's a bad habit to store crypto in an exchange either CEX or DEX. It's much better if you store in a non-custodial wallet where you alone should be the only one managing the crypto funds in a wallet. Checking for news won't be a bad idea either and checking price when you have the time to do and see if you will be able to gain profit or gain money to recover what you have lose when the price decreased.
But if it's only for trading, temporarily saving in a CEX can be an option and of course the alokas of the deposited funds will be adjusted.
So not all assets are stored on the CEX. The main asset is of course stored in a personal wallet with full control of the owner.
Now we are focusing on buying back Bitcoin after touching the price of DIP.
Buying at $54k is certainly an attractive price, because the nearest target will still be achieved and of course the doubling of profits will be better by buying at the Dips price
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But if it's only for trading, temporarily saving in a CEX can be an option and of course the alokas of the deposited funds will be adjusted.
So not all assets are stored on the CEX. The main asset is of course stored in a personal wallet with full control of the owner.
That's what I would do if I am trading where the crypto that I will trade is in cex (temporarily/short time only) before withdrawing the money from the cex and other assets is in a wallet that the owner have full control as you have explained. Doing it that way would save you some time (Deposits and withdrawal) and also the fee if you also want to save some fee from transactions.
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But if it's only for trading, temporarily saving in a CEX can be an option and of course the alokas of the deposited funds will be adjusted.
So not all assets are stored on the CEX. The main asset is of course stored in a personal wallet with full control of the owner.
As long as we choose reputable CEXs, it is no problem to save temporary in CEX wallets. However, we must ensure that we don't use too big amount of money. Sure, we only store the coins for trading, we don't send the coins for a long term holding such as Bitcoin and Ethereum. Those long term assets should be on the non custodial wallets.
Now we are focusing on buying back Bitcoin after touching the price of DIP.
Buying at $54k is certainly an attractive price, because the nearest target will still be achieved and of course the doubling of profits will be better by buying at the Dips price
We even could buy below $54k yesterday. I agree it is interesting to buy at that price because it is cheap enough. I'm sure it won't be difficult to cross again $60k.
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The most important thing is to be patient and not be seen continuously so that the heart and mind are not restless when Bitcoin experiences a big decline as happened yesterday, try not to open or check the wallet or funds in the market (CEX), keep thinking positively and start occupying yourself with other work or can be left sleeping lol why do I say that because it is not only one person who feels the same way but thousands to millions of people who feel the same way.
It's a bad habit to store crypto in an exchange either CEX or DEX. It's much better if you store in a non-custodial wallet where you alone should be the only one managing the crypto funds in a wallet. Checking for news won't be a bad idea either and checking price when you have the time to do and see if you will be able to gain profit or gain money to recover what you have lose when the price decreased.
For positions like now it is very difficult to get a profit even if only 5% yesterday Bitcoin had risen to $58k and now fell again to $54k too risky for now just pay first waiting for Bitcoin dominance to stabilize and Bitcoin prices to rise maybe there will be an increase for Altcoin.
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Bitcoin has been slowly increasing in price since history. But currently the Bitcoin market is dumping. Due to this the selling pressure is a little higher. At this time investors are investing with risk. If they can sustain this investment for a long time then they will do well. Because the Bitcoin market doesn't seem to be going down like this for much longer. I think the Bitcoin market will be good again.
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In the short term, this will still be bearish... as a long-term holder, it would be good to immediately prepare additional funds to pocket more BTC when the price hits $50k... it's not impossible, because BTC has penetrated the support point several times.. . So the biggest possibility for BTC in the near term will continue to fall to the $51k-$54k level...
Long term, there are still many who believe it will break through to over $100k, including me. Take your steps with your responsibility too.
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In the short term, this will still be bearish... as a long-term holder, it would be good to immediately prepare additional funds to pocket more BTC when the price hits $50k... it's not impossible, because BTC has penetrated the support point several times.. . So the biggest possibility for BTC in the near term will continue to fall to the $51k-$54k level...
Long term, there are still many who believe it will break through to over $100k, including me. Take your steps with your responsibility too.
https://coinmarketcap.com/currencies/bitcoin/
55k ATM and bearish
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From the current state of bitcoin price movement it doesn't look like bitcoin will recover very quickly, it may take a few more days, currently the market value of bitcoin is $57,612, down 9.6% from last week, I think. We will not see much change in its price in the next few days. It will go up and down like this. But we have to continue holding, Bitcoin will definitely pump again, but until then we have to focus more on holding.
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This month didn't start good fr crypto traders due to BTC instability. Let's share ideas. Where do you think we're headed. Downhill or back to 70k?.
You may know that Mt. Gox moved 140,000 BTC from their wallets worth about $8.5 billion Bitcoin prices began to fall sharply after this news. On the other hand, the German government's transfers $172 million worth of bitcoins to the exchange it means they selling bitcoin. Due to which the market started to dump. Many are predicting that the price of Bitcoin will drop further to below $40k. After hearing such news, many panic sellers also started selling Bitcoins. All these activities have driven down the price of Bitcoin, including all other coins. Such condition of the market scares us a lot. I still hold onto my bitcoins.
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You may know that Mt. Gox moved 140,000 BTC from their wallets worth about $8.5 billion Bitcoin prices began to fall sharply after this news. On the other hand, the German government's transfers $172 million worth of bitcoins to the exchange it means they selling bitcoin. Due to which the market started to dump. Many are predicting that the price of Bitcoin will drop further to below $40k. After hearing such news, many panic sellers also started selling Bitcoins. All these activities have driven down the price of Bitcoin, including all other coins. Such condition of the market scares us a lot. I still hold onto my bitcoins.
Both bad news make bitcoin drop significant from Mt.Gox move 140k bitcoin and other side Germany government make movement their bitcoin assets worth it around $172 million dollar. Indeed both side not announce yet will selling bitcoin but the movement bitcoin from one wallet to other wallet make many people get panic for selling their bitcoin and can't imagine if United State have worth bitcoin values above Germany government make the same thing.
Last bad news waiting for how possibility Bitcoin around 140 amount moving from Mt.Gox wallet refund to their user, its automatically make bitcoin get dump drastically and not close opportunity drop until $40k.
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This month didn't start good fr crypto traders due to BTC instability. Let's share ideas. Where do you think we're headed. Downhill or back to 70k?.
I don't want to say that it didn't start good for crypto trader because those who are trading in futures can still make profit even though the market is down through shorting. In general though, most of the traders might lost some of their money because of this downfall especially those who are doing spot trading.
Where do we thing we're heading? I should say that we are starting to make gradual increase in the upcoming weeks. The $54,000 is acting as a short term support and when we see Bitcoin going below it and stayed for a few days, we might see even more downside pressure, but for now, I believe we will be seeing an upward movement although it will not be as huge as many are expecting. At least we will see signs of recovery.
That's my prediction only. :)
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Bitcoin has been slowly increasing in price since history. But currently the Bitcoin market is dumping. Due to this the selling pressure is a little higher. At this time investors are investing with risk. If they can sustain this investment for a long time then they will do well. Because the Bitcoin market doesn't seem to be going down like this for much longer. I think the Bitcoin market will be good again.
Everyone is expecting what you are expecting too but the movement of funds continues to continue it went up to $57k and now back to $55 the price of Bitcoin now seems to be made a game it looks like it will continue to the price of $52k but hopefully not
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Usually I don't see much effect on the market that could make it to have increase towards this month, like I see this month has proven to be negative one to bitcoin market because right from the beginning of this month we have been seeing decline in bitcoin price unlike the few months past. But I believe next month could come with a New wave maybe who knows what will happen if we could achieve back 66 to 70k benchmark because there is no positive sign in the market to show that something good would happened.
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As long as we choose reputable CEXs, it is no problem to save temporary in CEX wallets. However, we must ensure that we don't use too big amount of money. Sure, we only store the coins for trading, we don't send the coins for a long term holding such as Bitcoin and Ethereum. Those long term assets should be on the non custodial wallets.
A tier 2 CEX like Binance is a recommendation for me because I use it to date.
I do a lot of trading on Binance because it is my main CEX for trading and storing some coins for short-term trading.
We even could buy below $54k yesterday. I agree it is interesting to buy at that price because it is cheap enough. I'm sure it won't be difficult to cross again $60k.
It won't be difficult to get back to $60k, because it's still a pretty low price.
now it is only necessary to wait for Germany to stop selling Bitcoin, when it is time for a reversal of direction I am sure the price will be higher than $60k and will enter on a bullish trend again.
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Usually I don't see much effect on the market that could make it to have increase towards this month, like I see this month has proven to be negative one to bitcoin market because right from the beginning of this month we have been seeing decline in bitcoin price unlike the few months past. But I believe next month could come with a New wave maybe who knows what will happen if we could achieve back 66 to 70k benchmark because there is no positive sign in the market to show that something good would happened.
The pressure on the decline in Bitcoin prices is very visible. It can be seen that Bitcoin price movements do not find support to rise again to $70k again. Every time the price rises a few percent, the price of Bitcoin will fall again. This method makes many trapped by whales which are very scary when it comes to influencing Bitcoin price movements. This phase will probably last until the end of this year. If there is no good news that can trigger Bitcoin prices to rise, next year there will be a bearish season on a fairly large scale.
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Usually I don't see much effect on the market that could make it to have increase towards this month, like I see this month has proven to be negative one to bitcoin market because right from the beginning of this month we have been seeing decline in bitcoin price unlike the few months past. But I believe next month could come with a New wave maybe who knows what will happen if we could achieve back 66 to 70k benchmark because there is no positive sign in the market to show that something good would happened.
The pressure on the decline in Bitcoin prices is very visible. It can be seen that Bitcoin price movements do not find support to rise again to $70k again. Every time the price rises a few percent, the price of Bitcoin will fall again. This method makes many trapped by whales which are very scary when it comes to influencing Bitcoin price movements. This phase will probably last until the end of this year. If there is no good news that can trigger Bitcoin prices to rise, next year there will be a bearish season on a fairly large scale.
Not too sure about this but I believe history may repeat itself because this year that halving took place at same time we experienced a significant price increase in bitcoin that made it achieve it's ATH, and of a true according to history next year should be the year we are to experience full bull run instead it was achieved even before halving meaning there is every possibility to also see bitcoin creating new price level.
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Usually I don't see much effect on the market that could make it to have increase towards this month, like I see this month has proven to be negative one to bitcoin market because right from the beginning of this month we have been seeing decline in bitcoin price unlike the few months past. But I believe next month could come with a New wave maybe who knows what will happen if we could achieve back 66 to 70k benchmark because there is no positive sign in the market to show that something good would happened.
Honestly I personally still expect the price of Bitcoin to remain below $60k maybe my hope will make someone unhappy because most people expect Bitcoin to continue to go up and up like there is no decline even they all already know that Bitcoin will experience ups and downs but they don't seem to want a decline at all I am not a late person to buy Bitcoin but I expect Bitcoin to continue to be below the price of $60k until the end of this year but hopefully that doesn't happen because a lot of people expect Bitcoin to rise past ATH.
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This month didn't start good fr crypto traders due to BTC instability. Let's share ideas. Where do you think we're headed. Downhill or back to 70k?.
hmm, now people are speculating about the market downfall towards the 48k and so on, but keep in mind that the market always behaves against what most people think in recent times people were bullish about the BTC and making speculation for the 80k and the market made a move totally against it, and started a downtrend. So this indicates that the market has its own plans.
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Up. We are already above 57, and anyone who knows a bit about bitcoin would know that we are going to go up, and that's going to be fine. I know that its not easy and I know that we are going to take some time, but we are going to get there eventually. We should really realize that we can't make it work any other way, we couldn't really make it work some other way, and it should be a good way to improve the situation. This has to be something that will get bigger and better, its just not that complicated. I feel like it can't be all that confusing, it just needs to be considered a little bit waiting period, if we wait enough, it will go up.
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This month didn't start good fr crypto traders due to BTC instability. Let's share ideas. Where do you think we're headed. Downhill or back to 70k?.
hmm, now people are speculating about the market downfall towards the 48k and so on, but keep in mind that the market always behaves against what most people think in recent times people were bullish about the BTC and making speculation for the 80k and the market made a move totally against it, and started a downtrend. So this indicates that the market has its own plans.
Good observation because in as much as people are seriously trying to figure out the actual direction of Bitcoin that is how it will keep going the opposite direction because I also saw so many people speculating earlier before this time when Bitcoin was still ranging within $70k and most people were very certain of the price breaking above $85k but at the end reversal was the case.
So actually this could possibly be the case of people who believes that Bitcoin price will still drop more further below the $48k, so perhaps it will be very bad for someone to wait for a long time just to buy within a certain price and at the end they could not even get any amount of Bitcoin because of high expectation, so perhaps as I always mentioned this is actually the right moment for those who are still waiting for more dip to buy.
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Usually I don't see much effect on the market that could make it to have increase towards this month, like I see this month has proven to be negative one to bitcoin market because right from the beginning of this month we have been seeing decline in bitcoin price unlike the few months past. But I believe next month could come with a New wave maybe who knows what will happen if we could achieve back 66 to 70k benchmark because there is no positive sign in the market to show that something good would happened.
Honestly I personally still expect the price of Bitcoin to remain below $60k maybe my hope will make someone unhappy because most people expect Bitcoin to continue to go up and up like there is no decline even they all already know that Bitcoin will experience ups and downs but they don't seem to want a decline at all I am not a late person to buy Bitcoin but I expect Bitcoin to continue to be below the price of $60k until the end of this year but hopefully that doesn't happen because a lot of people expect Bitcoin to rise past ATH.
If you think this then it may not be possible because price is not always stagnant at a particular place what makes bitcoin a tradable assets is the ability to be able to change in price and with this people are making there profits through as they keep trading the asset and to their follow pairs. Bitcoin always change in price to meet people's demand by regularly hitting low and high, if this aren't there then we can say it could be hard for trading bitcoin even as that there's always period assigned for the both seasons being Bull run and Bear season.
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This month didn't start good fr crypto traders due to BTC instability. Let's share ideas. Where do you think we're headed. Downhill or back to 70k?.
And you will definitely be very surprised when the price of BTC falls even more a few days later. Yes recently, Bitcoin did reach $54.09. Isn't that much worse, right? Where do we ask why the market dropped so much? So there is indeed some negative news regarding this. So, make sure that we always follow the BTC price which can drop significantly too.
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This month didn't start good fr crypto traders due to BTC instability. Let's share ideas. Where do you think we're headed. Downhill or back to 70k?.
And you will definitely be very surprised when the price of BTC falls even more a few days later. Yes recently, Bitcoin did reach $54.09. Isn't that much worse, right? Where do we ask why the market dropped so much? So there is indeed some negative news regarding this. So, make sure that we always follow the BTC price which can drop significantly too.
Yeah, we can't do nothing about the market right now, June-July seems to be bearish as we went as low as $54k, and then we come back strong at $58k and I thought there is a good chance to hit $60k.
Anyhow, we should accept what the market offers us this July. We could be in the sideways for this month. Just be smart and continue to accumulate and we will be good in the long run.
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Yeah, we can't do nothing about the market right now, June-July seems to be bearish as we went as low as $54k, and then we come back strong at $58k and I thought there is a good chance to hit $60k.
Anyhow, we should accept what the market offers us this July. We could be in the sideways for this month. Just be smart and continue to accumulate and we will be good in the long run.
There will still be a bearish trend, even if the BTC price reaches $60k shortly. The bulls look weak at the moment, and it doesn't look like the bears will let them break the current trend.
Honestly, I think we can expect a really strong bullish trend either at the end of this year or as early as next year.
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There will still be a bearish trend, even if the BTC price reaches $60k shortly. The bulls look weak at the moment, and it doesn't look like the bears will let them break the current trend.
Honestly, I think we can expect a really strong bullish trend either at the end of this year or as early as next year.
During bitcoin not stable raise to higher price not close opportunity with bearish moment every time exactly last two months bitcoin show downtrend moment after dropping drastically during reach all time high price above $73k.
I don't sure in near future bitcoin has moment break out to higher price regarding every day sideway and easily bitcoin dropping although has easily chance get back recovery going up.
During bitcoin still not stable yet, I take opportunity with short term trading and try as faster possibility take profit although with few percent regarding has opportunity to buy back on lower price.
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This month didn't start good fr crypto traders due to BTC instability. Let's share ideas. Where do you think we're headed. Downhill or back to 70k?.
hmm, now people are speculating about the market downfall towards the 48k and so on, but keep in mind that the market always behaves against what most people think in recent times people were bullish about the BTC and making speculation for the 80k and the market made a move totally against it, and started a downtrend. So this indicates that the market has its own plans.
I think for now Bitcoin will have difficulty breaking the price of $60k now the market is still dominated by sellers now all eyes are on Germany because there are many allegations that Germany is selling Bitcoin in large quantities The German portfolio is now $283.45m so if Germany sells everything it is likely that the decline in Bitcoin will continue.
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hmm, now people are speculating about the market downfall towards the 48k and so on, but keep in mind that the market always behaves against what most people think in recent times people were bullish about the BTC and making speculation for the 80k and the market made a move totally against it, and started a downtrend. So this indicates that the market has its own plans.
I think for now Bitcoin will have difficulty breaking the price of $60k now the market is still dominated by sellers now all eyes are on Germany because there are many allegations that Germany is selling Bitcoin in large quantities The German portfolio is now $283.45m so if Germany sells everything it is likely that the decline in Bitcoin will continue.
We cant say that, because it's a crypto market, haha here most of the scenarios are always abnormal. We cant even imagine what kind of trick the market can play next time, all we can do is adopt a neutral strategy for every case. TBH I just love such surprises by market. Here are some facts that need to be considered to speculate anything and this one is worth considering, but I'm not sure what big impact it can make.
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This month didn't start good fr crypto traders due to BTC instability. Let's share ideas. Where do you think we're headed. Downhill or back to 70k?.
hmm, now people are speculating about the market downfall towards the 48k and so on, but keep in mind that the market always behaves against what most people think in recent times people were bullish about the BTC and making speculation for the 80k and the market made a move totally against it, and started a downtrend. So this indicates that the market has its own plans.
Good observation because in as much as people are seriously trying to figure out the actual direction of Bitcoin that is how it will keep going the opposite direction because I also saw so many people speculating earlier before this time when Bitcoin was still ranging within $70k and most people were very certain of the price breaking above $85k but at the end reversal was the case.
I quite agree with you! The cryptocurrency market or rather Bitcoin is one of the most volatile assets that always seem to operate in the opposite direction of people's expectations. The market is like something that that has a mind of its own and full of surprises; perhaps, it enjoys the act of confounding everyone. This is termed the contrarian effect or the crowd psychology ; this is when everyone seems to be pretty sure of the market's next direction and then it proceeds to do the opposite. This is due to the fact that the market comprises of a number of participants who may have different attitudes, objectives and risk tolerance.
As you have rightly pointed out, many traders and investors seemed profound in their belief that the price of Bitcoin would rise above $85k, only for it to decline and head in the other direction. This is just one great example of how the contrarian indicator works
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Bitcoin is lower in value but it does not mean that we will be in fear of losing money because wise individuals are making investments in such circumstances and only those who are fearful, having little knowledge cannot trust that the circumstances can change from dump to pump. It is possible that Bitcoin will again touch the value of the above 70k$ but when it will happen it is not easy to know so be patient if you have already made an investment but if not have done yet then do investment now as the price is suitable for those who want investment in Bitcoin. The price now is 57k$ and it is not possible that with the increasing demand Bitcoin will remain lower forever therefore don't panic and continue your investment.
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I think now market situation is not looking good. May Bitcoin and another currency price will go more down. So my advice we have to avoid trading and just hold who bought already. But it will be better if our fund collect as stable coin or anyone can DCA it also good decision i think.
I am also following DCA method. Because i think market will go down more. So my planning is buy Bitcoin every week.
My prediction we are going to see bitcoin price near about $45k.
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hmm, now people are speculating about the market downfall towards the 48k and so on, but keep in mind that the market always behaves against what most people think in recent times people were bullish about the BTC and making speculation for the 80k and the market made a move totally against it, and started a downtrend. So this indicates that the market has its own plans.
I think for now Bitcoin will have difficulty breaking the price of $60k now the market is still dominated by sellers now all eyes are on Germany because there are many allegations that Germany is selling Bitcoin in large quantities The German portfolio is now $283.45m so if Germany sells everything it is likely that the decline in Bitcoin will continue.
We cant say that, because it's a crypto market, haha here most of the scenarios are always abnormal. We cant even imagine what kind of trick the market can play next time, all we can do is adopt a neutral strategy for every case. TBH I just love such surprises by market. Here are some facts that need to be considered to speculate anything and this one is worth considering, but I'm not sure what big impact it can make.
On July 13, the German government has sold all Bitcoin holdings with a total of $2.9 billion, if indeed Bitcoin is forced down, maybe there will be FUD or mtgox who will also sell all their Bitcoin holdings.
Maybe some people like the surprises that occur in the market but if Bitcoin goes down too deep it will affect the upcoming Altcoin season, of course it takes a lot of funds to restore Bitcoin to its highest price.