Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: bitterguy28 on July 10, 2024, 07:26:46 AM
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As we all see that bitcoin have had the lowest price since this year recently ,
dropping from above 70k down to almost below 50k
https://coinmarketcap.com/currencies/bitcoin/
(https://i.imgur.com/AJjYLMy.jpg)
so what I wanted to ask is that will this be the sign for bitcoin and the whole crypto market to have its increase? or the much awaited bull running .
Thanks and will appreciate your answers.
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Dropping under $53k last several days ago its become most lower price for bitcoin since success break the ATH? actually not optimist with bitcoin potential as the beginning of bullrun behind many bad news around us from Germany and United State government want to sell their bitcoin assets until not clearly news with Mt.Gox exchange will make refund in this month or not.
But looking the last most lower price of bitcoin under $53k and today good recovery until reach almost $59k seems have moment for bitcoin at the bull run trend but waiting next few days later any bad news again or have several good news to make bitcoin raise up to higher price again.
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You are showing the wrong chart if you are going to talk about the lowest price this year - look at what the price was at the beginning of the year and you will see that what happened these days is not the lowest price.
Unfortunately, I don't know why you are so burdened with questions that no one can answer - because what is a bull market for you anyway? Is it 20% up overnight, or maybe 40%? Is it 100% up for a month or something similar?
At the beginning of 2023, the price was only around $20 000, today it is x3 compared to that - what more can we ask for in such a short period of time (although 1.5 years is obviously a very long time for some).
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As we all see that bitcoin have had the lowest price since this year recently ,
dropping from above 70k down to almost below 50k
https://coinmarketcap.com/currencies/bitcoin/
(https://i.imgur.com/AJjYLMy.jpg)
so what I wanted to ask is that will this be the sign for bitcoin and the whole crypto market to have its increase? or the much awaited bull running .
Thanks and will appreciate your answers.
I think the sign we all have been waiting for has actually come because I believe it has gone lower enough to start preparing for the uptrend movement, though I may not be actually certain on the exact price before the uptrend but considering the fact that Bitcoin price started all the way from $70k+ down to almost $50k now should be enough dip and besides from the direction of the charts it has already shown that the price could possibly be ranging for uptrend movement.
So perhaps this is actually the moment for those that are hoping to buy Bitcoin when it drops to $45k because reversal could be the case, however the good part of investing now is that even if the Bitcoin eventually drop below $50k they would still make a lot of profits when it moves back to $70k and above, so actually is better investing now than waiting for a particular level that may not actually come.
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As we all see that bitcoin have had the lowest price since this year recently ,
dropping from above 70k down to almost below 50k
https://coinmarketcap.com/currencies/bitcoin/
(https://i.imgur.com/AJjYLMy.jpg)
so what I wanted to ask is that will this be the sign for bitcoin and the whole crypto market to have its increase? or the much awaited bull running .
Thanks and will appreciate your answers.
Nobody can tell if this is it because we cannot predict the market accurately but on speculations. I believe when the bull run starts fully we will see it because we are in the market and by then no one will tell you that it is the bull run. I saw the price of bitcoin touched 59k today but it has corrected back to 57k as I am writing this post. One need to relax and continue stacking more bitcoin while you hope for the price to pump soon.
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All I can say is that what happened to the market right is just a retracement, it could be big dump to the price we are still in the bullish market. I'm also not surprise with this happenings, and I really expected for this to happen as what I learned from its history. It's really best to buy or reinvest some of your funds so that you won't regret if the price will continue to grow.
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As we all see that bitcoin have had the lowest price since this year recently ,
dropping from above 70k down to almost below 50k
https://coinmarketcap.com/currencies/bitcoin/
(https://i.imgur.com/AJjYLMy.jpg)
so what I wanted to ask is that will this be the sign for bitcoin and the whole crypto market to have its increase? or the much awaited bull running .
Thanks and will appreciate your answers.
TBH, I don't actually know where we are heading to from here. It could be an increase from this point upwards and it could also be more deep. It is unfortunate that we don't have a technical soothe sayer that will direct us where to go. This industry is not an easy one. If the price eventually continuous to go down from here it will be so disastrous. Remaining in this state for very long time before making an awkward movement will be a very good thing for the market. This is the time to guard yourself against unnecessary losses by using the dollar cost average method of investment. But on the long run, we all gonna be happy.
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Almost under 50k? We haven't even touched those levels, hell we haven't been under 50k since February, why would you think that we are almost under 50k when we are not there? We dropped to 56k or so, and that isn't that bad. I mean we should definitely consider how to do better job without a doubt. I feel like we are going to see a start of bull run in a few months, we will go above 60k in July if you ask me, and in august we may see 70k and more again, after that sky is the limit. I honestly think that 100k+ is not impossible for this bull run, and I am waiting for that to happen in early 2025.
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TBH, I don't actually know where we are heading to from here. It could be an increase from this point upwards and it could also be more deep. It is unfortunate that we don't have a technical soothsayer that will direct us where to go. This industry is not an easy one. If the price eventually continuous to go down from here it will be so disastrous. Remaining in this state for very long time before making an awkward movement will be a very good thing for the market. This is the time to guard yourself against unnecessary losses by using the dollar cost average method of investment. But on the long run, we all gonna be happy.
The cryptocurrency lead by Bitcoin is really known to be very volatile and that means it can suddenly go up or go down anytime. People who don't understand this fact well may not take it lightly but old-timers in this industry are all aware of this and they are just smiling right now as they know that continually holding is the key...Bitcoin will eventually recover and we would all be jubilant one day if not withing this year then at least in 2025. But then again, just like what you are saying, it would be so hard to really decipher for sure where the market is going and there is nobody that can predict things 100% right. The key here is long term....in the long run we are gonna be happy and that is for sure!
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Bitcoin market is currently dumping. If we look at the history of the Bitcoin market, it has slowly progressed. When the Bitcoin market fluctuates, it affects investors. Yet there are many who dare to invest and hold it for a long time. But I think by 2025 we will see the start of the bull run. And their patience will be successful.
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You say half the truth, the price fell from 70 thousand, but it was less than 30 thousand, so it is a short-term correction, while the price in the long term is high.
The price of $50,000 to $70,000 will be the new long-term bottom, and this will replace the price of $17,000 to $25,000, which has been in place for a long time.
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As much as I know the current highest experienced Bitcoin price is $73K + and if I can remember the least dropped since then was $52K +. Although I can not give a specific figure at the moment unless would have to undergo research in the market cap history.
That was not at all a bull-run rather the market felt a little greenish then which other coins also where following the Bitcoin trend.
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As much as I know the current highest experienced Bitcoin price is $73K + and if I can remember the least dropped since then was $52K +. Although I can not give a specific figure at the moment unless would have to undergo research in the market cap history.
That was not at all a bull-run rather the market felt a little greenish then which other coins also where following the Bitcoin trend.
I don't think how marketcap can give us information to predict the price and I never tried that before. I only use marketcap to determine how volatile the coins is. Reading the chart is far better to analyze the price movement since you can get all the data from the days, months, or years which can really help anticipate many things about the coins or tokens.
We are still in the bull market but the bull run we expected is not happening yet.
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Daily it picked over 59k, and yes I know that did not stick for a long time, but it shows that the market is ready to recover whenever we can, there are still buyers out there who is willing to purchase. This is a good sign and I think while we are still some time to go, it should not be something that will take that long to handle. We should consider how we could potentially make it work, and this should not be a tough deal. I know that it is not going to be simple, but we could probably make it work one way or another, while keeping the job clear. Keep on trusting bitcoin and the recovery will eventually happen and we will have a great bull run.
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A common image in the crypto market is that the price in this market will never be fixed. The market has been pumping a bit since we saw it hit the new all time high and then corrected. But there was no further upside to that price. At one point, the price of Bitcoin started to fall, which was already expected, but it fell even faster when the news of the German government's Bitcoin sale occurred. Of course, every dip can bring back a big move in Bitcoin's price. Moreover, we know that a big dip before a bull run helps make the Bitcoin price even more bullish.
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A common image in the crypto market is that the price in this market will never be fixed.
The price was stable in many cases, and the monthly change was less than 3%. This often happens after reaching the bottom and waiting for the period of the beginning of a new cycle. Therefore, the price of Bitcoin is heading towards stability. Even the crazy fluctuations were 200%, 500% and more, they became less and less, and the correction is from 80% to 60%, and this year’s correction may be less than 50%.
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so what I wanted to ask is that will this be the sign for bitcoin and the whole crypto market to have its increase? or the much awaited bull running .
Thanks and will appreciate your answers.
It might be... or it might not.
After that huge drop that cause Bitcoin to go as low as $54,000, we are seeing a bit of a recovery already and its current price is at $64,000. This might be the start of the bull run that we are waiting... or it might not be.
I mean I would be happy, and all will be happy if this price increase will continue in the next few months, but I'll just stick to my strategy which is to continue Dollar-Cost Averaging until the bull run hasn't started yet. Right now, there are no signs that it already started, and you will feel it when it started already. Euphoria. :D
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It might be... or it might not.
After that huge drop that cause Bitcoin to go as low as $54,000, we are seeing a bit of a recovery already and its current price is at $64,000. This might be the start of the bull run that we are waiting... or it might not be.
I mean I would be happy, and all will be happy if this price increase will continue in the next few months, but I'll just stick to my strategy which is to continue Dollar-Cost Averaging until the bull run hasn't started yet. Right now, there are no signs that it already started, and you will feel it when it started already. Euphoria. :D
Identifying the start of a bullrun is always a difficult task in this market. It is considered a million-dollar question, and we can often only conclude that a bullrun is underway when it has officially started and is accompanied by a strong price increase for many tokens in the market.
I sincerely hope that we have passed the re-accumulation phase and are ready to enter a bullrun with ETH Spot ETF and many other Spot ETFs in the future. At the same time, AI, DeFi, and RWA could become important drivers for the bullrun to explode. For now, we can only wait for a new ATH for BTC, which could be a signal for the bullrun.
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I do agree that it is going to be something to look for, it looks like there are some small movements here and there. Obviously we are not fully ready yet, looking at the current situation we could say that it is not going that great at this moment but I am sure that it is going to get better eventually. What we just need to do right now, is focus on what we have and what we can achieve, if we can do better job, then we are going to probably have a better solution to everything as well. Just "wanting" a bull run will not get us one, but if we wait for the right time and keep stacking up until then, we will be fine.
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It might be... or it might not.
After that huge drop that cause Bitcoin to go as low as $54,000, we are seeing a bit of a recovery already and its current price is at $64,000. This might be the start of the bull run that we are waiting... or it might not be.
I mean I would be happy, and all will be happy if this price increase will continue in the next few months, but I'll just stick to my strategy which is to continue Dollar-Cost Averaging until the bull run hasn't started yet. Right now, there are no signs that it already started, and you will feel it when it started already. Euphoria. :D
Identifying the start of a bullrun is always a difficult task in this market. It is considered a million-dollar question, and we can often only conclude that a bullrun is underway when it has officially started and is accompanied by a strong price increase for many tokens in the market.
I sincerely hope that we have passed the re-accumulation phase and are ready to enter a bullrun with ETH Spot ETF and many other Spot ETFs in the future. At the same time, AI, DeFi, and RWA could become important drivers for the bullrun to explode. For now, we can only wait for a new ATH for BTC, which could be a signal for the bullrun.
No one knows on when it would be happening but basing up on the previous cycles then we could really be able to at least having that idea on where it could potentially go and this is something that would really be that normal that there are people who are really that rushing themselves on believing that a particular moment might be start of a bull run season.
We arent that still yet on which we are still a few months back with that halving period and basing up on history then it isnt really something that fit out on that particular moment.
Somehow there's no precision about trying out to connect the past and the future but at least we do able to see those probabilities.
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Identifying the start of a bullrun is always a difficult task in this market. It is considered a million-dollar question, and we can often only conclude that a bullrun is underway when it has officially started and is accompanied by a strong price increase for many tokens in the market.
No one knows on when it would be happening but basing up on the previous cycles then we could really be able to at least having that idea on where it could potentially go and this is something that would really be that normal that there are people who are really that rushing themselves on believing that a particular moment might be start of a bull run season.
We arent that still yet on which we are still a few months back with that halving period and basing up on history then it isnt really something that fit out on that particular moment.
Somehow there's no precision about trying out to connect the past and the future but at least we do able to see those probabilities.
Indeed, no one can know 100% the truth when a real bullrun will occur. However, this time, the market trend is in the positive trend stage after a very deep crash last week which could even drop to $55k. Meanwhile, currently, the price of Bitcoin itself has reached $67k, this is a development which is very good, followed by most of the altcoins. There will likely be a retset to 7o. I just hope there won't be any more big bad news.
However, we still have to be alert to various possibilities in the market
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Identifying the start of a bullrun is always a difficult task in this market. It is considered a million-dollar question, and we can often only conclude that a bullrun is underway when it has officially started and is accompanied by a strong price increase for many tokens in the market.
I think we no longer need to identify it, we are clear in the bullrun season. However, it is difficult to know whether we will have a new rally or we have a beginning of uptrend again in the near future. But if we consider the 4 years cycle pattern in the past, it seems we will have a new rally in Q4 of 2024. The peak seems to happen in 2025 (Q2-Q3).
I sincerely hope that we have passed the re-accumulation phase and are ready to enter a bullrun with ETH Spot ETF and many other Spot ETFs in the future. At the same time, AI, DeFi, and RWA could become important drivers for the bullrun to explode. For now, we can only wait for a new ATH for BTC, which could be a signal for the bullrun.
Ethereum ETF has been accepted successfully. Sure, this will open the chance of other altcoins to get the same way. The latest news I heard, there is a possibility of Solana ETF. However, it must take time, it won't happen suddenly. Anyway, the new ATH of BTC will be always the sign of new uptrend because it triggers people's demand higher in the market.
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As we all see that bitcoin have had the lowest price since this year recently ,
dropping from above 70k down to almost below 50k
https://coinmarketcap.com/currencies/bitcoin/
(https://i.imgur.com/AJjYLMy.jpg)
so what I wanted to ask is that will this be the sign for bitcoin and the whole crypto market to have its increase? or the much awaited bull running .
Thanks and will appreciate your answers.
since this thread of mine complies to not a start of a bullrun means i have to lock this thread and may consider re opening once bullrun starts truly .
and maybe we will remain as this for some time not until the last quarter of this year started .
I do agree that it is going to be something to look for, it looks like there are some small movements here and there. Obviously we are not fully ready yet, looking at the current situation we could say that it is not going that great at this moment but I am sure that it is going to get better eventually. What we just need to do right now, is focus on what we have and what we can achieve, if we can do better job, then we are going to probably have a better solution to everything as well. Just "wanting" a bull run will not get us one, but if we wait for the right time and keep stacking up until then, we will be fine.
not untill 70k shows again , am not sure we are gonna call this the start of bull run.