Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: TomPluz on September 07, 2024, 10:54:27 AM
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As of the moment, Bitcoin is standing at $54,334.40 which, of course, is not what many of us who are hodlers are expecting this month of September after a lousy August performance. Since September 1, the price has been on a steady decline (https://finance.yahoo.com/quote/BTC-USD/history/) from around $57K to now at $54K...with even more possibility of another slide down the hill even getting into the $50K level and lower (https://cointelegraph.com/news/bitcoin-traders-brace-for-sub-52-k-btc-price-as-crypto-and-macroeconomic-headwinds-intensify).
So what makes Bitcoin so sluggish at this time of the year? According to Cointelegraph (https://cointelegraph.com/news/why-is-bitcoin-price-down-today): "A weak US labor market, fear of a tech bubble, and regulatory actions are factors behind Bitcoin’s recent sell-off."
Seems to me that the weakness of the US economy is dragging Bitcoin down. Now, do you think Bitcoin can even go lower than $50K this month of September or would you rather think that there can be a big rebound days from now?
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As of the moment, Bitcoin is standing at $54,334.40 which, of course, is not what many of us who are hodlers are expecting this month of September after a lousy August performance. Since September 1, the price has been on a steady decline (https://finance.yahoo.com/quote/BTC-USD/history/) from around $57K to now at $54K...with even more possibility of another slide down the hill even getting into the $50K level and lower (https://cointelegraph.com/news/bitcoin-traders-brace-for-sub-52-k-btc-price-as-crypto-and-macroeconomic-headwinds-intensify).
I won't say bitcoin is weak of course bitcoin as well as other crypto currencies are very volatile and I'll say that's part of the reason for the negative shift in price or price drop rather of bitcoin. Funny how I haven't really been following up with bitcoin price for a while now infact I didn't even know the dip was still in session and that bitcoin had fallen below $55k until this morning when I came across a post here. I haven't really had much time to spare in checking BTC price chart to see what's going on.
However my best guess is that if no news or government decision caused this then in terms of crypto trading it's likely trying to go back to some previous low in order to mitigate certain inefficiencies.
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Seems to me that the weakness of the US economy is dragging Bitcoin down. Now, do you think Bitcoin can even go lower than $50K this month of September or would you rather think that there can be a big rebound days from now?
it is definitely possible that bitcoin’s price is affected by us economy because us is a major player in the global scheme of economy which means any news from us could just easily pump bitcoin up the election is coming up which i think could affect the market as well
with that said i don’t think (i hope) it will go down 50k anymore we are still expecting for it to surpass or at least reach 70k before the year ends so hopefully it goes that way as soon as possible
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Seems to me that the weakness of the US economy is dragging Bitcoin down.
It's not the weakness, the US economy grew at 2.8% the last quarter, more than anyone expected, it's other things that are bringing it down and the most important is interest rates, why would anyone put money in risky investments when they can get go for bonds at higher rates just before the cut?
In all, taxable bond funds and ETFs pulled in more than $280bn between January and July — outstripping 2023’s full-year total of $225bn, and contrasting with the $204bn in outflows those funds endured in 2022, according to Morningstar.
280 billion in fresh bonds money in 6 months, that's alone 4 times overall Bitcoin BTC ETF,and that's just normal inflow, not total value.
Investors are pulling money out of stocks and risky assets waiting for the FED, crypto is a small player in this massive movement.
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I think what had happened recently is just a healthy pullback and nothing to worry about. I personally do not know what is the real reason behind the dip other than it's natural volatility. I am wondering if there are specific news that drives the price down because I don't have any idea about the current events as I am a bit busy.
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Now, do you think Bitcoin can even go lower than $50K this month of September or would you rather think that there can be a big rebound days from now?
Yes, I think that Bitcoin can possibly go below $50k if such intense selling pressure takes place once again. even think that there's chance to see Bitcoin below $49k mark if some bad event takes place because it's month of September and I guess it's the worst month for Bitcoin and for the whole market.
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Now, do you think Bitcoin can even go lower than $50K this month of September
Absolutely. Hell, it can even go below $40k.
or would you rather think that there can be a big rebound days from now?
Historically, bitcoin starts performing better approximately half a year after a halving, and since we are getting close to that, the chances of a rebound are increasing. Having said that, if I were you, I wouldn't obsess much about short term bitcoin price fluctuations and would instead focus on the big picture.
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As of the moment, Bitcoin is standing at $54,334.40 which, of course, is not what many of us who are hodlers are expecting this month of September after a lousy August performance. Since September 1, the price has been on a steady decline (https://finance.yahoo.com/quote/BTC-USD/history/) from around $57K to now at $54K...with even more possibility of another slide down the hill even getting into the $50K level and lower (https://cointelegraph.com/news/bitcoin-traders-brace-for-sub-52-k-btc-price-as-crypto-and-macroeconomic-headwinds-intensify).
So what makes Bitcoin so sluggish at this time of the year? According to Cointelegraph (https://cointelegraph.com/news/why-is-bitcoin-price-down-today): "A weak US labor market, fear of a tech bubble, and regulatory actions are factors behind Bitcoin’s recent sell-off."
Seems to me that the weakness of the US economy is dragging Bitcoin down. Now, do you think Bitcoin can even go lower than $50K this month of September or would you rather think that there can be a big rebound days from now?
Well the above news can be a factor which is causing this decline in bitcoin but to me I will say it's a natural system that repeats itself almost in every year which in turns formulate the two seasons being bull/bear. Whenever there is slight change we often see bitcoin react this way because it's something that makes its tradable where we must not always think bullish at every moment., If you watch historically you would also see that nearly this period same thing happened to bitcoin if I am not mistakenly and you may also want to asked whether is there no news that propelled the piece very low this way? And I will say yes, there could be news and of course every year there is always driven forces that causes panicked among traders which would definitely results to huge dump.
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Seems to me that the weakness of the US economy is dragging Bitcoin down. Now, do you think Bitcoin can even go lower than $50K this month of September or would you rather think that there can be a big rebound days from now?
Thinking about getting a big rebound day later, that will always happen, but it will happen at the right moment of course.
Now it only focuses on starting to buy back when the market is not doing well and the news that is circulating is a manipulated carried out by whales.
However, whales have control over the price, by doing a lot of manipulation on the fundamentals of the crypto market.
Bitcoin could fall below $50k, but that would require worse news or when selling pressure is even greater.
will have a good opportunity for retail traders who still own Fiat to make a repurchase, this is an opportunity to get a cheaper price and will get more profits when a Bullish occurs.
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Historically, bitcoin starts performing better approximately half a year after a halving, and since we are getting close to that, the chances of a rebound are increasing. Having said that, if I were you, I wouldn't obsess much about short term bitcoin price fluctuations and would instead focus on the big picture.
Exactly you have made quite a nice point here. Some bitcoin enthusiast think that bitcoin is supposed to hit probably the $100k mark immediately after the completion of the mining of the halving block. However it really hasn't been soo for a couple of mining blocks over the years now. For people who trade bitcoin, they would make use of terms like bitcoin trying to break lows just to cover and mitigate inefficiencies it must have left behind during the process of breaking highs.
Like I always say , bitcoin will get to a 100k however I can't really tell when though I don't really see the picture of it happening this year. Although it's very possible, I still believe the chances are thin.
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Seems to me that the weakness of the US economy is dragging Bitcoin down. Now, do you think Bitcoin can even go lower than $50K this month of September or would you rather think that there can be a big rebound days from now?
I was left in shock for about 2 minutes when I saw this unexpected drop. As you've said, this is not what any of the hodlers were expecting, but we all know that Bitcoin behaves this way sometimes, so such declines are inevitable. However, I didn’t expect it to this extent. I hate to say this, but I have a feeling that Bitcoin might drop below what we are currently seeing, though I'm not sure it will go below $50K. If it does happen, buyers are likely to pour in all their fiat and accumulate as much as they can, which would certainly be a win for them. Meanwhile, traders, on the other hand, will either have to pause their activities or accumulate in preparation for any potential profit taking opportunities.
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Hehe, I dont know but seems like Bitcoin is sick of the weak hands that's the reason Bitcoin is currently in its low zone and I'm sure it will be out of it anytime soon with the peak strength. Haha dont mind dear moderator that was just a funny reply but currently, we are on the range to recover our support level again but seems like it needs a push and that might be after 10th of September for sure I'm super bullish about September.
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I think what had happened recently is just a healthy pullback and nothing to worry about. I personally do not know what is the real reason behind the dip other than it's natural volatility. I am wondering if there are specific news that drives the price down because I don't have any idea about the current events as I am a bit busy.
Isn't it natural that after botcoin halving we will see short bearish, because there are some things that we should probably know as the cause of bitcoin looking weak. For example the US presidential election, the German government and Mt Gox which caused bitcoin sales. If I think this is the time to buy bitcoin and some potential coins to hold. Because I believe this condition will not last long, bitcoin will go up again.
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It is no longer a secret that at the beginning of the month, usually the market is always red at the beginning of the new month, right? Maybe it's just the cycle that is making the market really drop.
Unfortunately, it's all quite difficult to predict whether next week will only be the same as the current price or whether it will develop better. But what is certain is that our attitude should be much wiser so that we don't see the price of Btc and panic again. Especially when the price of BTC drops so much as it did in the first days or weeks of the month
And the hope is that the price of BTC will soon rise again. while looking at the chances to enter some promising top altcoins but still for me, Bitcoin is number one.
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So what makes Bitcoin so sluggish at this time of the year? According to Cointelegraph (https://cointelegraph.com/news/why-is-bitcoin-price-down-today): "A weak US labor market, fear of a tech bubble, and regulatory actions are factors behind Bitcoin’s recent sell-off."
Sometimes, I think this kind of news isn't the main of the reason. The main reason is the dump done by whales. Sure, there are many people worried when they read bad news but most of us have learned many times and experienced this for years. I still believe, it is not only about the fear, but there is something bigger. The market manipulation may be another reason besides the news you enclosed above.
Now, do you think Bitcoin can even go lower than $50K this month of September or would you rather think that there can be a big rebound days from now?
I am sure there will be a rebound in the next few weeks. It dropped to $52k - $53k but it already increased again to $54k now. It seems Bitcoin to try raising again to above $55k. I think it will be above $60k again very soon.
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I think what had happened recently is just a healthy pullback and nothing to worry about. I personally do not know what is the real reason behind the dip other than it's natural volatility. I am wondering if there are specific news that drives the price down because I don't have any idea about the current events as I am a bit busy.
Isn't it natural that after botcoin halving we will see short bearish, because there are some things that we should probably know as the cause of bitcoin looking weak. For example the US presidential election, the German government and Mt Gox which caused bitcoin sales. If I think this is the time to buy bitcoin and some potential coins to hold. Because I believe this condition will not last long, bitcoin will go up again.
In fact, most of the time after the Bitcoin halving event, we experience a bearish or consolidation phase and there still are many variables that may influence the direction of Bitcoins prices. Events involving presidential elections in the United States, German government actions, and Mt. Gox’s dumping of its Bitcoins can introduce volatility and huge changes in the market.
However, if you consider the present market environment appropriate for entering Bitcoins and several possible coins’ purchase, then this approach can be quite reasonable. The use of market downturns to purchase with the view it will rebound and the price per Bitcoin will increase forms a sound investment strategy in the long run. These are factors one has to consider when making an investment, especially in trading on cryptocurrencies since investments come with certain risks.
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Bitcoin is weak because hardly anyone pays with it. Much faster than Litecoin, Tron or USDT networks, and they all charge very small transaction fees. Also, the Ordinals protocol is garbage that effectively paralyzed the Bitcoin network at one time.
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Bitcoin is weak because hardly anyone pays with it. Much faster than Litecoin, Tron or USDT networks, and they all charge very small transaction fees. Also, the Ordinals protocol is garbage that effectively paralyzed the Bitcoin network at one time.
Haha, He's not talking about the transaction issues, he's talking about the market price and market strength. Much faster than Litecoin? seems like you are trying to say Lite-coin is much faster than Bitcoin. For the Tron and other networks, they are not as decentralized as Bitcoin is and they are not as capitalized as Bitcoin and they are not backed by a dominant community like Bitcoin.
SO Bitcoin is still strong enough the current weakness in the market is due to correction, panic, and other developments pressure.
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I think that you will be discussion your best topic and opinion in this proper time. Now-a-days if we can see in the cryptocurrency market, we can understand bitcoin or cryptocurrency market. Few week ago we can see bitcoin price is stable in prefer level.But we can see that gradually bitcoin price will go down. But i think US economic space will be a factor of bitcoin down. I believe that crypto currency market or bitcoin will come back quickly.
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Seems to me that the weakness of the US economy is dragging Bitcoin down. Now, do you think Bitcoin can even go lower than $50K this month of September or would you rather think that there can be a big rebound days from now?
To be honest with you, I still find it difficult to wrap my head around why every market action on the cryptocurrency have to be related the US, the US government and their economy does not control bitcoin or the crypto market, and neither is US the country with the most bitcoin adoption, why do we have to always talk about that US when ever bitcoin and the cryptocurrency market in general is under-performing?
Anyways, whether the current decline in the price of bitcoin be as a result of the US economy or not, I am still very optimistic about the price, the price of bitcoin will rise in it's due time, this correction is needed after all, bitcoin can't just keep going up in price forever, there will always be times like this, and we must always have this at the back of our minds and prepare ourselves for it.
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The US economy is often the reason for dragging Bitcoin down, a lot of bad news recently such as the US jobs data which was lower than expected as well as fears of a possible recession in the US and the decline in the stock market as the US stock markets witnessed a severe hemorrhage.
All of these reasons and others led to this decline which is expected to continue until Bitcoin reaches below 50K most likely, but I do not care about all of this because I simply believe that we have not seen the top yet and I am confident that there will be a major recovery in the near future perhaps at the end of the year and the beginning of the new year.
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This year some major events have happened with Bitcoin, initially it started with Bitcoin halving and then various news and approvals from different organizations and after these again we saw the government of Germany and the government of United States of America gave a large amount of Bitcoin sale. These may be after these events. effect.
Apart from that, in general we have to keep in mind that Bitcoin market is a volatile market and it is normal that the price will rise and fall. Moreover, it can be seen that after the completion of Bitcoin halving, the bull season of Bitcoin is going to start in a few months, Bitcoin is making its market correction before that bull season.
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This year some major events have happened with Bitcoin, initially it started with Bitcoin halving and then various news and approvals from different organizations and after these again we saw the government of Germany and the government of United States of America gave a large amount of Bitcoin sale. These may be after these events. effect.
Apart from that, in general we have to keep in mind that Bitcoin market is a volatile market and it is normal that the price will rise and fall. Moreover, it can be seen that after the completion of Bitcoin halving, the bull season of Bitcoin is going to start in a few months, Bitcoin is making its market correction before that bull season.
We also have to remember that the Mt. Gox repayment is still in it's effect if I'm not mistaken. So it will still have a impact on the market no matter what we see or think that it doesn't.
But the best part is that if we are looking at the bigger picture, then we should still be accumulating at this point. At $50k'ish, we knows, maybe we could still see in the profits of x2-x3 next year. Just have patience and for sure once we got in a parabolic rise, we will forget all this weak Bitcoin paradigm.
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September has usually been a "bad" month when it comes to the price of BTC, although in general I would not agree that we should be talking about any weakness here - unless you consider that in a halving year people expect much more in each month than let's call them "ordinary years". Therefore, even if we take into account the possible effects of halving, they should not be expected for at least 6 months after that, so I wonder why anyone expects anything in August or September?
I think that the biggest "weakness" is that people become too pessimistic and have too high expectations, but they don't understand that everything actually goes in its own way and that they just need to be patient.
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We can point out 100 reasons globally that might contribute to the decline in the price but in my defence I would argue that it's very common we always see the price goes sideways whenever there's is no major news involved directly with the crypto that might affect the sentiment driven investors. But it's all just need a Sparky news, something that will take the price to the room in no matter.
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We can point out 100 reasons globally that might contribute to the decline in the price but in my defence I would argue that it's very common we always see the price goes sideways whenever there's is no major news involved directly with the crypto that might affect the sentiment driven investors. But it's all just need a Sparky news, something that will take the price to the room in no matter.
It could also be that history has repeated itself but I haven't checked out the chart yet and I think that is one reason aside from it being natural or the price is just having a healthy pullback at the moment then it will retrace again next few days or months but I think we are expecting good prices soon just hold on.
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September has usually been a "bad" month when it comes to the price of BTC, although in general I would not agree that we should be talking about any weakness here - unless you consider that in a halving year people expect much more in each month than let's call them "ordinary years". Therefore, even if we take into account the possible effects of halving, they should not be expected for at least 6 months after that, so I wonder why anyone expects anything in August or September?
I think that the biggest "weakness" is that people become too pessimistic and have too high expectations, but they don't understand that everything actually goes in its own way and that they just need to be patient.
You are absolutely right.September is mostly tough month for Bitcoin price but we need to be realistic. When Bitcoinreward is cut in half it takes time to see effects at least six months. So it is not smart to expect big price changes in August or September. Biggest problem is that investors get too negative and expect too much.
They need to understand that Bitcoin price goes up and down at its own speed and that patience is important. Having unrealistic hopes can cause stress and lead to bad investment choices. It is best to look at long term picture and let market develop on its own.
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September has usually been a "bad" month when it comes to the price of BTC, although in general I would not agree that we should be talking about any weakness here - unless you consider that in a halving year people expect much more in each month than let's call them "ordinary years". Therefore, even if we take into account the possible effects of halving, they should not be expected for at least 6 months after that, so I wonder why anyone expects anything in August or September?
I think that the biggest "weakness" is that people become too pessimistic and have too high expectations, but they don't understand that everything actually goes in its own way and that they just need to be patient.
You are absolutely right.September is mostly tough month for Bitcoin price but we need to be realistic. When Bitcoinreward is cut in half it takes time to see effects at least six months. So it is not smart to expect big price changes in August or September. Biggest problem is that investors get too negative and expect too much.
They need to understand that Bitcoin price goes up and down at its own speed and that patience is important. Having unrealistic hopes can cause stress and lead to bad investment choices. It is best to look at long term picture and let market develop on its own.
Also if we look at this cycle, it's totally different as we have reach a new all time high prior to the halving. And yeah, August (a ghost month), and then September are historically bad month for us.
And there are events like the geo-political, and then the Fed rates in the US that are very influential in the price movement as well. I do agree with the long term picture outlook, short term it could be bad as in the last 2 months, but if we look at the bigger picture and zoom in, we might at the end of the year hits a new all time high.
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I sincerely believe that anything can happen, but always taking into account the United States elections. Whether we like it or not, the US market is the determining voice of where the market will go. From time to time I like to read articles like the ones you link in your post, but I don't like to be influenced by what they say in those articles since in 99% of the cases they only serve to manipulate. As we have seen in recent weeks, Mt. Gox creditors have not sold (at least the vast majority of them) the Bitcoins they have received, something that many people feared and that some media and specialized sites "announced"
And yes, I think Bitcoin can fall below $50,000 and then regain value again, whoever wins the election, it's just that depending on who wins the election, that recovery in value could be faster or slower.
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As of the moment, Bitcoin is standing at $54,334.40 which, of course, is not what many of us who are hodlers are expecting this month of September after a lousy August performance. Since September 1, the price has been on a steady decline (https://finance.yahoo.com/quote/BTC-USD/history/) from around $57K to now at $54K...with even more possibility of another slide down the hill even getting into the $50K level and lower (https://cointelegraph.com/news/bitcoin-traders-brace-for-sub-52-k-btc-price-as-crypto-and-macroeconomic-headwinds-intensify).
Due to the way Bitcoin has been experiencing a price decline recently, hitting it to $54k, which is supposed to skyrocket as anticipated, is not enough reason to declare Bitcoin to be weak. We have known to be a strong and trusted asset that works on demand and supply of its price to increase or decrease. However, for the price of Bitcoin to recently begin to experience a correlation of price, that would mean one thing, there's the huge sale of Bitcoin from those who have plenty of Bitcoin in their disposal.
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Yes we are seeing Bitcoin market currently weak. Vitcoin price unstable and down. I think it os correction of bitcoin price. We all know few months ago Bitcoin halving has been happened. And when halving will happen before then Bitcoin price wes touched new ATH of Bitcoin. It was highest price of Bitcoin in the Bitcoin history.
And after Bitcoin halving It’s price dumping. I think it will be normal within short time. And within short time we will see Bull session i think. So there has no hesitation about down.
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So what makes Bitcoin so sluggish at this time of the year? According to Cointelegraph (https://cointelegraph.com/news/why-is-bitcoin-price-down-today): "A weak US labor market, fear of a tech bubble, and regulatory actions are factors behind Bitcoin’s recent sell-off."
This will be good times for the traders who have sufficient knowledge of the market, this factors always have effect on the overall price of the market, when traders foresee this news early, they come in handy for the direction they’re going to place their trades at and be profitable. Traders don’t mix emotions with making money while investors will be panicked not to lose too much of their holdings as a result of all this news.
Seems to me that the weakness of the US economy is dragging Bitcoin down. Now, do you think Bitcoin can even go lower than $50K this month of September or would you rather think that there can be a big rebound days from now?
The bitcoin market has caught me several times off guard when trying to predict the direction of the market. I just let it be and allow the market to decide the direction it will take or the price it will trade at some specific points in time. September should be a good month for bitcoin’s price, but if it doesn’t we will still be hopeful that next month will be.
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I sincerely believe that anything can happen, but always taking into account the United States elections. Whether we like it or not, the US market is the determining voice of where the market will go.
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There have always been discussions about whether politics (government) will one day have an influence on Bitcoin (or cryptocurrencies in general), and now in the media a very wrong image has been created in my opinion that the fate of Bitcoin will be determined by one man who could become president. I personally think that regardless of who will become president, we all should not expect too much, but even if we expect what do we actually expect?
From a political point of view, the election of T as president would be bad not only for the US, but also for the EU (Ukraine) and of course China, which suffered great economic damage during his last term.
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I sincerely believe that anything can happen, but always taking into account the United States elections. Whether we like it or not, the US market is the determining voice of where the market will go. From time to time I like to read articles like the ones you link in your post, but I don't like to be influenced by what they say in those articles since in 99% of the cases they only serve to manipulate. As we have seen in recent weeks, Mt. Gox creditors have not sold (at least the vast majority of them) the Bitcoins they have received, something that many people feared and that some media and specialized sites "announced"
And yes, I think Bitcoin can fall below $50,000 and then regain value again, whoever wins the election, it's just that depending on who wins the election, that recovery in value could be faster or slower.
They say that due to the debate, the price suddenly pumps to $57k at least, not sure though if it due to that or people just investing because we have hit $52k'ish and so it's a good time to buy.
And if we go on that argument, regardless of who is going to win, this November we should be seeing another pump in the next two months. Hopefully a good $70k or higher jump is possible before the end of the year.
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There have always been discussions about whether politics (government) will one day have an influence on Bitcoin (or cryptocurrencies in general), and now in the media a very wrong image has been created in my opinion that the fate of Bitcoin will be determined by one man who could become president. I personally think that regardless of who will become president, we all should not expect too much, but even if we expect what do we actually expect?
From a political point of view, the election of T as president would be bad not only for the US, but also for the EU (Ukraine) and of course China, which suffered great economic damage during his last term.
At the moment, politics is not only influencing the cryptocurrency market which Bitcoin happens to be the mother coin but cryptocurrency(Bitcoin) is also having a significant influence in determining the fate of politics in some developed countries of the world especially the United States. In a recent poll conducted by crypto owners in the US, the majority of them have said they'll first consider the regulation stance of the presidential candidates before deciding on voting the candidate with better approach to Bitcoin and cryptocurrency in general.
As world's biggest economy, it's expected that the US elections will affect the cryptocurrency market and because of the current global importance of cryptocurrency, the industry is also affecting the political happenings in the country. So personally, I think the result of the US elections will determine if cryptocurrency(Bitcoin) market will move to positive direction or not.
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We also have to remember that the Mt. Gox repayment is still in it's effect if I'm not mistaken. So it will still have a impact on the market no matter what we see or think that it doesn't.
But the best part is that if we are looking at the bigger picture, then we should still be accumulating at this point. At $50k'ish, we knows, maybe we could still see in the profits of x2-x3 next year. Just have patience and for sure once we got in a parabolic rise, we will forget all this weak Bitcoin paradigm.
Actually MT. GOX's incident is a shame for the cryptocurrency world as it ends a nearly seven-and-a-half-year legal battle without a good resolution. And if we see this kind of humiliating incident is not new in cryptocurrency, especially in the case of altcoins and exchanges. We must not forget the Luna and FTX incident during which many people lost everything and attempted suicide.
And I think they remind us again and again that exchanges and altcoins are not suitable for investing in cryptocurrency and holding own assets, although I will not put all altcoins in this category. After seeing these events myself, I am afraid to hold more funds in altcoins and exchangers.
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I sincerely believe that anything can happen, but always taking into account the United States elections. Whether we like it or not, the US market is the determining voice of where the market will go. From time to time I like to read articles like the ones you link in your post, but I don't like to be influenced by what they say in those articles since in 99% of the cases they only serve to manipulate. As we have seen in recent weeks, Mt. Gox creditors have not sold (at least the vast majority of them) the Bitcoins they have received, something that many people feared and that some media and specialized sites "announced"
And yes, I think Bitcoin can fall below $50,000 and then regain value again, whoever wins the election, it's just that depending on who wins the election, that recovery in value could be faster or slower.
They say that due to the debate, the price suddenly pumps to $57k at least, not sure though if it due to that or people just investing because we have hit $52k'ish and so it's a good time to buy.
And if we go on that argument, regardless of who is going to win, this November we should be seeing another pump in the next two months. Hopefully a good $70k or higher jump is possible before the end of the year.
I also predict that November will see a spike in the price of bitcoin, possibly the previous ATH will be achieved and bitcoin will reach $75K in November this year. Although the current price of bitcoin looks weak, bitcoin still has the potential to rise higher after the halving.
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I sincerely believe that anything can happen, but always taking into account the United States elections. Whether we like it or not, the US market is the determining voice of where the market will go. From time to time I like to read articles like the ones you link in your post, but I don't like to be influenced by what they say in those articles since in 99% of the cases they only serve to manipulate. As we have seen in recent weeks, Mt. Gox creditors have not sold (at least the vast majority of them) the Bitcoins they have received, something that many people feared and that some media and specialized sites "announced"
And yes, I think Bitcoin can fall below $50,000 and then regain value again, whoever wins the election, it's just that depending on who wins the election, that recovery in value could be faster or slower.
They say that due to the debate, the price suddenly pumps to $57k at least, not sure though if it due to that or people just investing because we have hit $52k'ish and so it's a good time to buy.
And if we go on that argument, regardless of who is going to win, this November we should be seeing another pump in the next two months. Hopefully a good $70k or higher jump is possible before the end of the year.
I also predict that November will see a spike in the price of bitcoin, possibly the previous ATH will be achieved and bitcoin will reach $75K in November this year. Although the current price of bitcoin looks weak, bitcoin still has the potential to rise higher after the halving.
Some are convinced that November can prove critical for Bitcoin, especially in light of the halving effect which tends to boost the rates. Although the price may not be very colourful at the moment, this is typically associated with a large movement. Since the price action of Bitcoin sometimes reveals post halving spikes the likelihood of the price reaching its previous ATH and possibly touching $75K is entirely plausible. So, continue being positive and watch the market because next month could be exciting to watch.
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As of the moment, Bitcoin is standing at $54,334.40 which, of course, is not what many of us who are hodlers are expecting this month of September after a lousy August performance. Since September 1, the price has been on a steady decline (https://finance.yahoo.com/quote/BTC-USD/history/) from around $57K to now at $54K...with even more possibility of another slide down the hill even getting into the $50K level and lower (https://cointelegraph.com/news/bitcoin-traders-brace-for-sub-52-k-btc-price-as-crypto-and-macroeconomic-headwinds-intensify).
So what makes Bitcoin so sluggish at this time of the year? According to Cointelegraph (https://cointelegraph.com/news/why-is-bitcoin-price-down-today): "A weak US labor market, fear of a tech bubble, and regulatory actions are factors behind Bitcoin’s recent sell-off."
Seems to me that the weakness of the US economy is dragging Bitcoin down. Now, do you think Bitcoin can even go lower than $50K this month of September or would you rather think that there can be a big rebound days from now?
Why do you think Bitcoin is weak? There is simply expectation and there is reality, perhaps you expected Bitcoin to be at 100k by now? If so, that doesn't mean it's weak, it means that the time hasn't come for that price yet and people have other things to do than just buy Bitcoin and spend money on its PR, now they are promoting meme coins and as we can see, people like it the most, Bitcoin will soon have its turn.
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As of the moment, Bitcoin is standing at $54,334.40 which, of course, is not what many of us who are hodlers are expecting this month of September after a lousy August performance. Since September 1, the price has been on a steady decline (https://finance.yahoo.com/quote/BTC-USD/history/) from around $57K to now at $54K...with even more possibility of another slide down the hill even getting into the $50K level and lower (https://cointelegraph.com/news/bitcoin-traders-brace-for-sub-52-k-btc-price-as-crypto-and-macroeconomic-headwinds-intensify).
So what makes Bitcoin so sluggish at this time of the year? According to Cointelegraph (https://cointelegraph.com/news/why-is-bitcoin-price-down-today): "A weak US labor market, fear of a tech bubble, and regulatory actions are factors behind Bitcoin’s recent sell-off."
Seems to me that the weakness of the US economy is dragging Bitcoin down. Now, do you think Bitcoin can even go lower than $50K this month of September or would you rather think that there can be a big rebound days from now?
Why do you think Bitcoin is weak? There is simply expectation and there is reality, perhaps you expected Bitcoin to be at 100k by now? If so, that doesn't mean it's weak, it means that the time hasn't come for that price yet and people have other things to do than just buy Bitcoin and spend money on its PR, now they are promoting meme coins and as we can see, people like it the most, Bitcoin will soon have its turn.
There are many people who expect Bitcoin to reach 100k$; that's why others doubt or hesitate because at 60k$ they notice that it is very difficult to break into the market.
It's really hard to read the chart graph in trading these times; it seems like there are whale manipulators stopping this thing, to be honest. And when the scenario is like this, it's better and safer to just hold for now.
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It is obvious that the US economy is among the determinants of BTC trend, though the price mechanism of demand and supply remains the major determinant of BTC price and trends.
With the sluggishness of trend since the last drop from the ATH, BTC may likely go below 49k before another bull run.
I only hope it takes place before the end of the year.
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It's simple market testing the weak hand.as we see the market always try to test the emotions towards the market. Currently market rumors is ready for alts season but btc and eth doesn't move accordingly so patience level is must in this situation.
In simple words we can say that BTC will move after testing the bottom.
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As of the moment, Bitcoin is standing at $54,334.40 which, of course, is not what many of us who are hodlers are expecting this month of September after a lousy August performance. Since September 1, the price has been on a steady decline (https://finance.yahoo.com/quote/BTC-USD/history/) from around $57K to now at $54K...with even more possibility of another slide down the hill even getting into the $50K level and lower (https://cointelegraph.com/news/bitcoin-traders-brace-for-sub-52-k-btc-price-as-crypto-and-macroeconomic-headwinds-intensify).
So what makes Bitcoin so sluggish at this time of the year? According to Cointelegraph (https://cointelegraph.com/news/why-is-bitcoin-price-down-today): "A weak US labor market, fear of a tech bubble, and regulatory actions are factors behind Bitcoin’s recent sell-off."
Seems to me that the weakness of the US economy is dragging Bitcoin down. Now, do you think Bitcoin can even go lower than $50K this month of September or would you rather think that there can be a big rebound days from now?
Why do you think Bitcoin is weak? There is simply expectation and there is reality, perhaps you expected Bitcoin to be at 100k by now? If so, that doesn't mean it's weak, it means that the time hasn't come for that price yet and people have other things to do than just buy Bitcoin and spend money on its PR, now they are promoting meme coins and as we can see, people like it the most, Bitcoin will soon have its turn.
I support you. It is unusual to think that Bitcoin is weak in a world where it is one of the most popular and valuable assets in the world. The possibility that the value of Bitcoin may skyrocket in the near future is very strong and many investors have benefited greatly from holding Bitcoin and the number of its holders is constantly increasing. Investor demand for limited assets is increasing and it is normal for prices to increase with increasing demand. So holding Bitcoin can be one of the best choices.
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According to most people, the price of BTC is influenced by American finances. This is because many investors from America keep their assets in the form of cryptocurrencies. And even if BTC is lower than 50k, maybe that could be the case if Trump loses in the next election. Meanwhile, if Trump wins in the upcoming election, of course this will be good news for BTC investors. Remembering that Trump once said in his speech that he would support crypto currency in America
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It is definitely not something that we can see a drop right now, it looks like its a fine thing and we can make some money from it. I know that people think its weak, but the price recovered a bit and I can see it reaching above 60k once again, so we shouldn't really worry about it. I know that it will take some time, but its not really that complicated to see that we are talking about something that's quite profitable at the moment. Investing into bitcoin at the moment could bring in a good chunk of money, it shouldn't really be a bad thing, we should consider this as a good way of making some money as well.
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It is definitely not something that we can see a drop right now, it looks like its a fine thing and we can make some money from it. I know that people think its weak, but the price recovered a bit and I can see it reaching above 60k once again, so we shouldn't really worry about it. I know that it will take some time, but its not really that complicated to see that we are talking about something that's quite profitable at the moment. Investing into bitcoin at the moment could bring in a good chunk of money, it shouldn't really be a bad thing, we should consider this as a good way of making some money as well.
keep hold your bitcoin and make some purchases to add to your wallet collection because this market will last forever, we will see bitcoin experience some more corrections this month and may still stay below $60K until next month. Because it seems like the market seems to be waiting with the US presidential election, but we don't need to worry if the worst case scenario in November happens, bitcoin dives sharply we shouldn't panic because the bullish season is still long, it will happen next year.
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Many would had been giving enough reasons to why we are having a bear market and this is because they think of the economic impact as one of the major constraints that causes the market to move in a particular direction, but they have entirely forgotten that the bitcoin network is self sustainable on it own self, likewise it depends on its market demands and supply to the price and market value.
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As of the moment, Bitcoin is standing at $54,334.40 which, of course, is not what many of us who are hodlers are expecting this month of September after a lousy August performance. Since September 1, the price has been on a steady decline (https://finance.yahoo.com/quote/BTC-USD/history/) from around $57K to now at $54K...with even more possibility of another slide down the hill even getting into the $50K level and lower (https://cointelegraph.com/news/bitcoin-traders-brace-for-sub-52-k-btc-price-as-crypto-and-macroeconomic-headwinds-intensify).
So what makes Bitcoin so sluggish at this time of the year? According to Cointelegraph (https://cointelegraph.com/news/why-is-bitcoin-price-down-today): "A weak US labor market, fear of a tech bubble, and regulatory actions are factors behind Bitcoin’s recent sell-off."
Seems to me that the weakness of the US economy is dragging Bitcoin down. Now, do you think Bitcoin can even go lower than $50K this month of September or would you rather think that there can be a big rebound days from now?
Why do you think Bitcoin is weak? There is simply expectation and there is reality, perhaps you expected Bitcoin to be at 100k by now? If so, that doesn't mean it's weak, it means that the time hasn't come for that price yet and people have other things to do than just buy Bitcoin and spend money on its PR, now they are promoting meme coins and as we can see, people like it the most, Bitcoin will soon have its turn.
There are many people who expect Bitcoin to reach 100k$; that's why others doubt or hesitate because at 60k$ they notice that it is very difficult to break into the market.
It's really hard to read the chart graph in trading these times; it seems like there are whale manipulators stopping this thing, to be honest. And when the scenario is like this, it's better and safer to just hold for now.
Yes, that's right, manipulators rule the market and they can know what the crowd doesn't know, namely who holds how much bitcoin in their wallets and if there are fewer of such people then there is no point in them raising the price, but if such people become more confident then they will start raising the price, it is not profitable for them for someone to buy now, it is profitable for them for people to buy from them later.
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Yes, that's right, manipulators rule the market and they can know what the crowd doesn't know, namely who holds how much bitcoin in their wallets and if there are fewer of such people then there is no point in them raising the price, but if such people become more confident then they will start raising the price, it is not profitable for them for someone to buy now, it is profitable for them for people to buy from them later.
In the crypto market we will always see whales manipulating the market and that is a fact. And they will take advantage of every action. You are right, they prefer to buy from them and then enjoy the results. They will make the price go down again and then buy at a cheap price. The manipulation will be done again to raise the price and they will sell it.
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But for now, the price of Bitcoin has increased quite rapidly. Because if compared to 7 days, then there has been a significant increase in the BTC coin, it has been around more than +12% for the increase. It's just that it's not that focused because the market is in a transition period. And even now the price of BTC has reached $60,219 again, very happy, hopefully in October, the price of BTC will really go up, guys.
Yes, although it certainly won't be that easy, because the market is still very much influenced by various media and also news that may affect the price of Crypto again in the future. But at least, we are already in a stage to be much better, yes, don't worry about the conditions that continue to change.
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Yes, that's right, manipulators rule the market and they can know what the crowd doesn't know, namely who holds how much bitcoin in their wallets and if there are fewer of such people then there is no point in them raising the price, but if such people become more confident then they will start raising the price, it is not profitable for them for someone to buy now, it is profitable for them for people to buy from them later.
In the crypto market we will always see whales manipulating the market and that is a fact. And they will take advantage of every action. You are right, they prefer to buy from them and then enjoy the results. They will make the price go down again and then buy at a cheap price. The manipulation will be done again to raise the price and they will sell it.
It seems like it sounds bad and that whales are cunning, bad manipulators)) but without them the market would most likely never grow, and even if it did grow, you yourself understand that constant growth is also not always good, manipulation helps many people to conveniently enter the market and earn money even without having a lot of knowledge.
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Following the Bitcoin chart for the last 7 days we see that Bitcoin has increased by almost 10 percent. Even if there is a 5 percent fall in the price of bitcoin next week, I don't think the market will be bad. Because Bitcoin will be bullish at some point through this process. Investors who panic over small price drops need to know more, I think. Bitcoin will continue to do so until it gains full strength to become bullish. During this period, patience is the best strategy to increase investment. Moreover, big whales in the market are always increasing, they seek their interests by affecting various types of news at any time. Investors investors should waiting patiently.
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Weak days are now dead!
Haha, I was super bullish from the start of the month but due to the continued pressure haha, In a price speculation event for 19th September on BTT I made a prediction of the 59k+ haha and its already 60k+ seems like my prediction is gonna be wrong, haha this weak Bitcoin trend made me lose 50 bucks.
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As of the moment, Bitcoin is standing at $54,334.40 which, of course, is not what many of us who are hodlers are expecting this month of September after a lousy August performance. Since September 1, the price has been on a steady decline (https://finance.yahoo.com/quote/BTC-USD/history/) from around $57K to now at $54K...with even more possibility of another slide down the hill even getting into the $50K level and lower (https://cointelegraph.com/news/bitcoin-traders-brace-for-sub-52-k-btc-price-as-crypto-and-macroeconomic-headwinds-intensify).
This is not a weakness of Bitcoin. The Bitcoin price correction which saw a big dumping of Bitcoin started to pump up the Bitcoin price again. You've probably seen this happen and it looks like Bitcoin price won't take a big dump again before making the next ATH. Bitcoin price crossed $60k today and is slowly rising. Bitcoin price is likely to see above $70k by the end of this year and may make a new ATH at $85-$100k early next year.
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As of the moment, Bitcoin is standing at $54,334.40 which, of course, is not what many of us who are hodlers are expecting this month of September after a lousy August performance. Since September 1, the price has been on a steady decline (https://finance.yahoo.com/quote/BTC-USD/history/) from around $57K to now at $54K...with even more possibility of another slide down the hill even getting into the $50K level and lower (https://cointelegraph.com/news/bitcoin-traders-brace-for-sub-52-k-btc-price-as-crypto-and-macroeconomic-headwinds-intensify).
This is not a weakness of Bitcoin. The Bitcoin price correction which saw a big dumping of Bitcoin started to pump up the Bitcoin price again. You've probably seen this happen and it looks like Bitcoin price won't take a big dump again before making the next ATH. Bitcoin price crossed $60k today and is slowly rising. Bitcoin price is likely to see above $70k by the end of this year and may make a new ATH at $85-$100k early next year.
It looks like bitcoin price will reach $80K by the end of this year my friend, and we will see bitcoin price more expensive next year. I also see this as just a correction and not weakening. because we also know bitcoin is very volatile. Bitcoin currently seems to be struggling because of several issues, one of which is the big sale and waiting for the US presidential election. It is better if we have a long-term hold plan, we do not panic or are affected by the bitcoin correction in the crypto market, because the bitcoin price will go back up.
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Bitcoin looks weak does not mean that bitcoin is weak but because the market is correcting and as always happens after bitcoin halving. so we have to be patient and wait until next year, hopefully by the end of this year there will be a price movement of bitcoin beyond $ 70K.
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Bitcoin looks weak does not mean that bitcoin is weak but because the market is correcting and as always happens after bitcoin halving. so we have to be patient and wait until next year, hopefully by the end of this year there will be a price movement of bitcoin beyond $ 70K.
It seems to me that many people think Bitcoin is too promising, and that's why they buy it all the time. Everyone is waiting for 100k.m. And that's why it can't adjust normally. I think the lower limit is 43k. And the price can't reach that value.
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Bitcoin looks weak does not mean that bitcoin is weak but because the market is correcting and as always happens after bitcoin halving. so we have to be patient and wait until next year, hopefully by the end of this year there will be a price movement of bitcoin beyond $ 70K.
It seems to me that many people think Bitcoin is too promising, and that's why they buy it all the time. Everyone is waiting for 100k.m. And that's why it can't adjust normally. I think the lower limit is 43k. And the price can't reach that value.
As far as I know, bitcoin is indeed promising, that's what makes me always invest in crypto and always have bitcoin in my wallet for long-term holding. I also have other top altcoins, I'm waiting for the bitcoin price to reach $100K because I also target to sell some of my bitcoins at that price. and the rest I will wait for the top ATH to be achieved next year.
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Now, do you think Bitcoin can even go lower than $50K this month of September or would you rather think that there can be a big rebound days from now?
Yes, I think that Bitcoin can possibly go below $50k if such intense selling pressure takes place once again. even think that there's chance to see Bitcoin below $49k mark if some bad event takes place because it's month of September and I guess it's the worst month for Bitcoin and for the whole market.
one madness if btc returns below 50k$, there will be a lot of panic from btc holders, although there is a possibility of an increase but if it reaches 40k$ who knows whether it will exceed 70k$ in this bullrun
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one madness if btc returns below 50k$, there will be a lot of panic from btc holders, although there is a possibility of an increase but if it reaches 40k$ who knows whether it will exceed 70k$ in this bullrun
Its luckiness because bitcoin going down under $50k just few hours awhile before returning back to higher price and yesterday bitcoin success hit above $60k. I think many people got panic after easily bitcoin got correction and dropped under $50k indeed that moment running at short time, since last time make new ATH price bitcoin never stable keep on the higher price and always got crash although any recovery but take more longer time than how easily for bitcoin going down.
Now the moment bitcoin still weak but good opportunity make as short term trading with many opportunities earn profitable with bitcoin price correction.
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one madness if btc returns below 50k$, there will be a lot of panic from btc holders, although there is a possibility of an increase but if it reaches 40k$ who knows whether it will exceed 70k$ in this bullrun
Its luckiness because bitcoin going down under $50k just few hours awhile before returning back to higher price and yesterday bitcoin success hit above $60k. I think many people got panic after easily bitcoin got correction and dropped under $50k indeed that moment running at short time, since last time make new ATH price bitcoin never stable keep on the higher price and always got crash although any recovery but take more longer time than how easily for bitcoin going down.
Now the moment bitcoin still weak but good opportunity make as short term trading with many opportunities earn profitable with bitcoin price correction.
Last week bitcoin price dropped below $50K is a good time to buy because yesterday we saw bitcoin price back to touch $60K, although currently bitcoin is back down to $58K but we should sell our bitcoin if we have made a profit because it is likely that bitcoin price will drop again because there is no good news that can trigger bitcoin price to go up at this time. make a purchase when bitcoin price drops back to $50K, this is just a prediction by reading market movements.
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This is impossible if BTC will fall below 50k. Don't be provoked by a phenomenon like this. Several years ago we even saw BTC prices falling. But after that they rose with prices tending to be higher and more stable. factors that make the price of BTC rise or fall. Moreover, America is currently in the election period. And there are those who promise that BTC will be supported.
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Last one hour ago, finally Bitcoin success hit back above $61,300 although can't defend for long term but its good opportunity looking forward with bitcoin potential break out above $71k. Take more longer time for bitcoin returning back above $61k after last crash and make bitcoin hold under $56k for several weeks.
I don't think its good moment for bitcoin recovering to more higher price in the future after success hitting above $61k or just recovering moment awhile before bitcoin get correction back to lower price as usually bitcoin moment.
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Last one hour ago, finally Bitcoin success hit back above $61,300 although can't defend for long term but its good opportunity looking forward with bitcoin potential break out above $71k. Take more longer time for bitcoin returning back above $61k after last crash and make bitcoin hold under $56k for several weeks.
I don't think its good moment for bitcoin recovering to more higher price in the future after success hitting above $61k or just recovering moment awhile before bitcoin get correction back to lower price as usually bitcoin moment.
It seems that the price of Bitcoin has improved again because at this time the price of Bitcoin at $ 61K, it seems that this week we will again see Bitcoin's hrga touching $ 65K, and hopefully the price of Altcoin will touch the high price again because I am trapped in several altcoin whose prices are above today. Bitcoin strengthened again even though it was not as million when it touched ATH $ 73K, but in my opinion this was a good movement in September.
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Now Bitcoin gradually being strong. We saw day by day Bitcoin price being up. We know Before some days bitcoin halving has been happen. We all know it has been an impact there has no doubt. I saw today's Bitcoin price is $61000 touched.
I believe day by day Bitcoin will more strong. I strongly believe it. And i strongly believe in earlier of 2025 we will see real bull session of cryptocurrency market.
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As of the moment, Bitcoin is standing at $54,334.40 which, of course, is not what many of us who are hodlers are expecting this month of September after a lousy August performance. Since September 1, the price has been on a steady decline (https://finance.yahoo.com/quote/BTC-USD/history/) from around $57K to now at $54K...with even more possibility of another slide down the hill even getting into the $50K level and lower (https://cointelegraph.com/news/bitcoin-traders-brace-for-sub-52-k-btc-price-as-crypto-and-macroeconomic-headwinds-intensify).
So what makes Bitcoin so sluggish at this time of the year? According to Cointelegraph (https://cointelegraph.com/news/why-is-bitcoin-price-down-today): "A weak US labor market, fear of a tech bubble, and regulatory actions are factors behind Bitcoin’s recent sell-off."
Seems to me that the weakness of the US economy is dragging Bitcoin down. Now, do you think Bitcoin can even go lower than $50K this month of September or would you rather think that there can be a big rebound days from now?
When BTC was touching $54k without any reason then I thought we might see a big dump but it has now recovered back to $60k which is a good sign and it recovered due to various reasons like interest rates CPI data was shared and the Saylor bought more BTC which was a big amount to pump the price.
The reasons you shared can be one of the real reasons behind the dump but I think there are other reasons, Employment rates can't be the reason for this dump. Anyway from this price I think it will pump more to $65k if FTX didn't plan to repay now.
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Now Bitcoin gradually being strong. We saw day by day Bitcoin price being up. We know Before some days bitcoin halving has been happen. We all know it has been an impact there has no doubt. I saw today's Bitcoin price is $61000 touched.
I believe day by day Bitcoin will more strong. I strongly believe it. And i strongly believe in earlier of 2025 we will see real bull session of cryptocurrency market.
Seeing the BTC price successfully breaking through the buy side liquidity to $61,400 and breaking through the resistance point... giving a short and medium term signal that the BTC price will experience a bullish... I have a good feeling for the next few weeks... which may also be preparation for Uptober this year...
Let's see October, it seems to be a really fun month for BTC holders.
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Now Bitcoin gradually being strong. We saw day by day Bitcoin price being up. We know Before some days bitcoin halving has been happen. We all know it has been an impact there has no doubt. I saw today's Bitcoin price is $61000 touched.
I believe day by day Bitcoin will more strong. I strongly believe it. And i strongly believe in earlier of 2025 we will see real bull session of cryptocurrency market.
Seeing the BTC price successfully breaking through the buy side liquidity to $61,400 and breaking through the resistance point... giving a short and medium term signal that the BTC price will experience a bullish... I have a good feeling for the next few weeks... which may also be preparation for Uptober this year...
Let's see October, it seems to be a really fun month for BTC holders.
Of course! Given the current trend, it is indeed an interesting time for BTC holders, especially after the price managed to break through a key resistance. Many are expecting October to be a month of fresh air for the crypto market, and given the current developments, that expectation is not without reason. Still, it is important to keep an eye on the market movements and be prepared for any eventuality. If this momentum continues, we could see a significant increase that many BTC holders have been waiting for.
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Now Bitcoin gradually being strong. We saw day by day Bitcoin price being up. We know Before some days bitcoin halving has been happen. We all know it has been an impact there has no doubt. I saw today's Bitcoin price is $61000 touched.
I believe day by day Bitcoin will more strong. I strongly believe it. And i strongly believe in earlier of 2025 we will see real bull session of cryptocurrency market.
Seeing the BTC price successfully breaking through the buy side liquidity to $61,400 and breaking through the resistance point... giving a short and medium term signal that the BTC price will experience a bullish... I have a good feeling for the next few weeks... which may also be preparation for Uptober this year...
Let's see October, it seems to be a really fun month for BTC holders.
Yes we saw long time Bitcoin price stay $55k to $60k and finally it barack his resistance level i think. And i am agree with you that we will saw medium level Bullish session i also strongly believe it.
I think we will saw medium Bullish session in this years and finally we will saw real bull session from the beaning of 2025. I think it will happen.
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Yes we saw long time Bitcoin price stay $55k to $60k and finally it barack his resistance level i think. And i am agree with you that we will saw medium level Bullish session i also strongly believe it.
Do we have a term of "medium bullish"? :-\
Yep, Bitcoin price tends to be stuck around $55k - $60k for many weeks. Now, it breaks $60k, it may continue to a higher price. But it looks to drop again below $60k. Not sure if the current condition in crypto market is enough to push Bitcoin increase significantly. TBH, I really expect that Bitcoin to reach $65k again if it wants to keep increasing consistently again.
I think we will saw medium Bullish session in this years and finally we will saw real bull session from the beaning of 2025. I think it will happen.
Again, I don't really understand the term of "medium bullish". However, we are really experiencing bullish season this year. The peak of bullish season is expected to happen in 2025. There are many experts to predict this, I personally agree with them.
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Of course! Given the current trend, it is indeed an interesting time for BTC holders, especially after the price managed to break through a key resistance. Many are expecting October to be a month of fresh air for the crypto market, and given the current developments, that expectation is not without reason. Still, it is important to keep an eye on the market movements and be prepared for any eventuality. If this momentum continues, we could see a significant increase that many BTC holders have been waiting for.
Exactly, October is often associated with the crypto boom month, where it is also often known as Uptober when it is about to enter Bullrun. Now the problem is whether the cycle will repeat itself this year? because there are some cycles that are not always appropriate.
But indeed, if you look at the development of the market, in July-August and early September, the decline in Bitcoin prices was quite drastic. And after the full moon from September, the price started to increase again. Maybe this will be a bit of an Uptober moment that influences the increase in crypto market prices.
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Of course! Given the current trend, it is indeed an interesting time for BTC holders, especially after the price managed to break through a key resistance. Many are expecting October to be a month of fresh air for the crypto market, and given the current developments, that expectation is not without reason. Still, it is important to keep an eye on the market movements and be prepared for any eventuality. If this momentum continues, we could see a significant increase that many BTC holders have been waiting for.
Exactly, October is often associated with the crypto boom month, where it is also often known as Uptober when it is about to enter Bullrun. Now the problem is whether the cycle will repeat itself this year? because there are some cycles that are not always appropriate.
But indeed, if you look at the development of the market, in July-August and early September, the decline in Bitcoin prices was quite drastic. And after the full moon from September, the price started to increase again. Maybe this will be a bit of an Uptober moment that influences the increase in crypto market prices.
Let's just wait whether in October we will see the market rise or vice versa we see a correction in October and start a bullrun in November. as investors we must be prepared for all possibilities that will occur. because crypto is difficult to predict and we have experienced it many times.
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Of course! Given the current trend, it is indeed an interesting time for BTC holders, especially after the price managed to break through a key resistance. Many are expecting October to be a month of fresh air for the crypto market, and given the current developments, that expectation is not without reason. Still, it is important to keep an eye on the market movements and be prepared for any eventuality. If this momentum continues, we could see a significant increase that many BTC holders have been waiting for.
Exactly, October is often associated with the crypto boom month, where it is also often known as Uptober when it is about to enter Bullrun. Now the problem is whether the cycle will repeat itself this year? because there are some cycles that are not always appropriate.
But indeed, if you look at the development of the market, in July-August and early September, the decline in Bitcoin prices was quite drastic. And after the full moon from September, the price started to increase again. Maybe this will be a bit of an Uptober moment that influences the increase in crypto market prices.
Let's just wait whether in October we will see the market rise or vice versa we see a correction in October and start a bullrun in November. as investors we must be prepared for all possibilities that will occur. because crypto is difficult to predict and we have experienced it many times.
We need to keep our eyes wide open for whatever seems possible could happen in the crypto market more so in the upcoming months like the October and November. Nobody knows for sure whether it is going to go up or down, but for an investor, it is very valuable to be mentally prepared and have a mature approach to it. The crypto market is unpredictable every time and we always witness volatility many a times. The key is to stay abreast with events and prepared for any scenario that want it to be either a bullrun or a correction.
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This is impossible if BTC will fall below 50k. Don't be provoked by a phenomenon like this. Several years ago we even saw BTC prices falling. But after that they rose with prices tending to be higher and more stable. factors that make the price of BTC rise or fall. Moreover, America is currently in the election period. And there are those who promise that BTC will be supported.
The post was made in September and in that month the sentiments of BTC were way different than they are now. Even at the start of October the sentiments were very bearish but now they are changing and BTC is bullish that's why you are saying this is impossible for it to touch $50k.
BTC is already being supported in the USA so people just creating the fake hype in the USA that after elections the market will be more bullish as if and only if Trump wins. But that's not true because BTC is already being adopted as ETF got approved.
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Currently, I see Bitcoin at $54,334.40, which is disappointing after a challenging August. The steady decline since the beginning of September, fueled by a weak U.S. economy and regulatory concerns, worries me. I wonder if we will drop below $50,000 this month or if a rebound could occur. I hope a trend reversal is imminent, but I remain cautious given the current uncertainties
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Bitcoin has been struggling for a period and that's a fact.Global economy's a mess right now, tech stocks are literally down, and big investors are basically hesitant while investing on bitcoin.
But, to be honest, regulations are the real killer. China's crackdown is huge, and it's causing a tremendous effect. Plus, environmental concerns are making governments take a harder stance.
Here's the thing, though, sentiment's bearish RIGHT NOW, but markets fluctuate. Bitcoin's been through worse, and it's bounced back before.That's a fact to note about.That's basicallly market for you.
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Bitcoin has been struggling for a period and that's a fact.Global economy's a mess right now, tech stocks are literally down, and big investors are basically hesitant while investing on bitcoin.
But, to be honest, regulations are the real killer. China's crackdown is huge, and it's causing a tremendous effect. Plus, environmental concerns are making governments take a harder stance.
Here's the thing, though, sentiment's bearish RIGHT NOW, but markets fluctuate. Bitcoin's been through worse, and it's bounced back before.That's a fact to note about.That's basicallly market for you.
The crypto market is very volatile so sometimes we see bitcoin going through correction and then it will go up again. I don't see bitcoin weak right now, but bitcoin just hasn't been able to touch ATH again at $73K, we have to stay calm and hold our bitcoin. because it is likely that bitcoin will reach ATH soon.
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The crypto market is very volatile so sometimes we see bitcoin going through correction and then it will go up again. I don't see bitcoin weak right now, but bitcoin just hasn't been able to touch ATH again at $73K, we have to stay calm and hold our bitcoin. because it is likely that bitcoin will reach ATH soon.
Yes same as well and I am also very positive about the market, I don't see it to be very weak and being very weak is when the price is going very low to around 60-55k we can say the market is weak, but currently it has maintain a bit stability between 66k-68k for the past few days now if not for a week. I am still optimistic that this month still hasn't close its candles, so lets watch and see how the market moves.
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Bitcoin has been struggling for a period and that's a fact.Global economy's a mess right now, tech stocks are literally down, and big investors are basically hesitant while investing on bitcoin.
But, to be honest, regulations are the real killer. China's crackdown is huge, and it's causing a tremendous effect. Plus, environmental concerns are making governments take a harder stance.
Here's the thing, though, sentiment's bearish RIGHT NOW, but markets fluctuate. Bitcoin's been through worse, and it's bounced back before.That's a fact to note about.That's basicallly market for you.
The crypto market is very volatile so sometimes we see bitcoin going through correction and then it will go up again. I don't see bitcoin weak right now, but bitcoin just hasn't been able to touch ATH again at $73K, we have to stay calm and hold our bitcoin. because it is likely that bitcoin will reach ATH soon.
Bitcoin is volatile and can be corrected at any time there is no specific reason in recent times. However, since the US election process is only days away, Bitcoin is unlikely to experience a bull market at this time. Bitcoin price has decreased slightly in the last 24 hours. It is highly likely that Bitcoin will not see much growth until the 5th November. But I never consider the current situation to be weak because a positive message will allow Bitcoin to reach high. The market is still in the bullish zone.
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The crypto market is very volatile so sometimes we see bitcoin going through correction and then it will go up again. I don't see bitcoin weak right now, but bitcoin just hasn't been able to touch ATH again at $73K, we have to stay calm and hold our bitcoin. because it is likely that bitcoin will reach ATH soon.
Yes same as well and I am also very positive about the market, I don't see it to be very weak and being very weak is when the price is going very low to around 60-55k we can say the market is weak, but currently it has maintain a bit stability between 66k-68k for the past few days now if not for a week. I am still optimistic that this month still hasn't close its candles, so lets watch and see how the market moves.
Market weakness has to do with demand and supply principles playing at certain times, and not prices. Price of Bitcoin are not considered as weak but the demand/supply does over times. If the demand of Bitcoin increase there is the likelihood of an increase in price, vice visa, the supply also do likewise, there is likelihood of a decrease in the price
Again, if demand at certain periods are weak, it tell on the market prices even the supply also do likewise. Currently the market is moving sideways, in my opinion, Bitcoin price may touch $75k by the end of the year, 2024.
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The crypto market is very volatile so sometimes we see bitcoin going through correction and then it will go up again. I don't see bitcoin weak right now, but bitcoin just hasn't been able to touch ATH again at $73K, we have to stay calm and hold our bitcoin. because it is likely that bitcoin will reach ATH soon.
Yes same as well and I am also very positive about the market, I don't see it to be very weak and being very weak is when the price is going very low to around 60-55k we can say the market is weak, but currently it has maintain a bit stability between 66k-68k for the past few days now if not for a week. I am still optimistic that this month still hasn't close its candles, so lets watch and see how the market moves.
Market weakness has to do with demand and supply principles playing at certain times, and not prices. Price of Bitcoin are not considered as weak but the demand/supply does over times. If the demand of Bitcoin increase there is the likelihood of an increase in price, vice visa, the supply also do likewise, there is likelihood of a decrease in the price
Again, if demand at certain periods are weak, it tell on the market prices even the supply also do likewise. Currently the market is moving sideways, in my opinion, Bitcoin price may touch $75k by the end of the year, 2024.
Well, The price of bitcoin varies successively mainly due to changes in the supply and demand forces. With respect to the technical relationship between demand and prices, it is observed that when demand rises, so also do prices; therefore, when demand falls, prices come down, and conversely, where supply rises, prices come down, while if supply falls, prices go up. Owing to the current sideways market pattern, the market can perform an uptrend once again if demand rises as experts believe that bitcoin might hit more then $75k mark by the close of 2024. Analyzing history of the crypto market also reveals that big events in crypto cycles cause sharp fluctuations in the rates, which is why it is necessary to focus on the indicators that affect the supply and demand for cryptos.
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The crypto market is very volatile so sometimes we see bitcoin going through correction and then it will go up again. I don't see bitcoin weak right now, but bitcoin just hasn't been able to touch ATH again at $73K, we have to stay calm and hold our bitcoin. because it is likely that bitcoin will reach ATH soon.
Yes same as well and I am also very positive about the market, I don't see it to be very weak and being very weak is when the price is going very low to around 60-55k we can say the market is weak, but currently it has maintain a bit stability between 66k-68k for the past few days now if not for a week. I am still optimistic that this month still hasn't close its candles, so lets watch and see how the market moves.
Market weakness has to do with demand and supply principles playing at certain times, and not prices. Price of Bitcoin are not considered as weak but the demand/supply does over times. If the demand of Bitcoin increase there is the likelihood of an increase in price, vice visa, the supply also do likewise, there is likelihood of a decrease in the price
Again, if demand at certain periods are weak, it tell on the market prices even the supply also do likewise. Currently the market is moving sideways, in my opinion, Bitcoin price may touch $75k by the end of the year, 2024.
That is true, the demand and supply is the reflection of the Bitcoin price and I will also want to add that most times even news can also influence the price as without the effect of demand. Negative news and positive news are true controller of the market which simply means if an individual or an entity buys a large sum of bitcoin it quickly reflect to the market which automatically bounces back to the demand were the price surg very high.
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That is true, the demand and supply is the reflection of the Bitcoin price and I will also want to add that most times even news can also influence the price as without the effect of demand. Negative news and positive news are true controller of the market which simply means if an individual or an entity buys a large sum of bitcoin it quickly reflect to the market which automatically bounces back to the demand were the price surg very high.
Good news will make the prices of Bitcoin and Altcoin rise, while bad news will make the market experience correction and Bitcoin prices will fall. Demand and supply have always been a determining factor for the price, but news will affect the price itself. Although sometimes temporary, because the market will again take its role after the effect of the news disappears.
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That is true, the demand and supply is the reflection of the Bitcoin price and I will also want to add that most times even news can also influence the price as without the effect of demand. Negative news and positive news are true controller of the market which simply means if an individual or an entity buys a large sum of bitcoin it quickly reflect to the market which automatically bounces back to the demand were the price surg very high.
Good news will make the prices of Bitcoin and Altcoin rise, while bad news will make the market experience correction and Bitcoin prices will fall. Demand and supply have always been a determining factor for the price, but news will affect the price itself. Although sometimes temporary, because the market will again take its role after the effect of the news disappears.
It is always like that because when bad news hit the market it gives the market a correctional approach to situate in better situation were the price will increase uncontrollably.
Bad news is what gives a strength to bitcoin price surg, and when price increase bitcoin always tends to create new ATH.
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That is true, the demand and supply is the reflection of the Bitcoin price and I will also want to add that most times even news can also influence the price as without the effect of demand. Negative news and positive news are true controller of the market which simply means if an individual or an entity buys a large sum of bitcoin it quickly reflect to the market which automatically bounces back to the demand were the price surg very high.
Good news will make the prices of Bitcoin and Altcoin rise, while bad news will make the market experience correction and Bitcoin prices will fall. Demand and supply have always been a determining factor for the price, but news will affect the price itself. Although sometimes temporary, because the market will again take its role after the effect of the news disappears.
It is always like that because when bad news hit the market it gives the market a correctional approach to situate in better situation were the price will increase uncontrollably.
Bad news is what gives a strength to bitcoin price surg, and when price increase bitcoin always tends to create new ATH.
Usually Bear raids are used as a stimulus to make the market awaken, go up and start experiencing good results. Often with this pressure it shoots up to highs, bringing the price even to a higher level.
Bitcoin does this often enough where each significant upleg unlocks the prospects for the next one. This we demonstrate how such a market reaction enables the future movements of prices to be reignited.
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That is true, the demand and supply is the reflection of the Bitcoin price and I will also want to add that most times even news can also influence the price as without the effect of demand. Negative news and positive news are true controller of the market which simply means if an individual or an entity buys a large sum of bitcoin it quickly reflect to the market which automatically bounces back to the demand were the price surg very high.
Good news will make the prices of Bitcoin and Altcoin rise, while bad news will make the market experience correction and Bitcoin prices will fall. Demand and supply have always been a determining factor for the price, but news will affect the price itself. Although sometimes temporary, because the market will again take its role after the effect of the news disappears.
It is always like that because when bad news hit the market it gives the market a correctional approach to situate in better situation were the price will increase uncontrollably.
Bad news is what gives a strength to bitcoin price surg, and when price increase bitcoin always tends to create new ATH.
bitcoin is likely to hit ATH soon and we should be prepared for a correction after that. And that possibility has been predicted by many that every time bitcoin hits ATH, we will see a correction after that. Let's see, is there good or bad news this week?
Bitcoin has always been an attractive investment because many big investors believe in bitcoin more than altcoins.
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That is true, the demand and supply is the reflection of the Bitcoin price and I will also want to add that most times even news can also influence the price as without the effect of demand. Negative news and positive news are true controller of the market which simply means if an individual or an entity buys a large sum of bitcoin it quickly reflect to the market which automatically bounces back to the demand were the price surg very high.
Good news will make the prices of Bitcoin and Altcoin rise, while bad news will make the market experience correction and Bitcoin prices will fall. Demand and supply have always been a determining factor for the price, but news will affect the price itself. Although sometimes temporary, because the market will again take its role after the effect of the news disappears.
It is always like that because when bad news hit the market it gives the market a correctional approach to situate in better situation were the price will increase uncontrollably.
Bad news is what gives a strength to bitcoin price surg, and when price increase bitcoin always tends to create new ATH.
Usually Bear raids are used as a stimulus to make the market awaken, go up and start experiencing good results. Often with this pressure it shoots up to highs, bringing the price even to a higher level.
Bitcoin does this often enough where each significant upleg unlocks the prospects for the next one. This we demonstrate how such a market reaction enables the future movements of prices to be reignited.
Like currently if you take a look at the market you would see that there is a huge buying pressure that drives the market to nearly hit back the previous ATH, but I know that won't repeat itself this year till nearly Q2 next year. I am only speculating based on the previous market history and how it goes, I know there is every possibility for the market to hit above the ATH but could likely be under probability.
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That is true, the demand and supply is the reflection of the Bitcoin price and I will also want to add that most times even news can also influence the price as without the effect of demand. Negative news and positive news are true controller of the market which simply means if an individual or an entity buys a large sum of bitcoin it quickly reflect to the market which automatically bounces back to the demand were the price surg very high.
Good news will make the prices of Bitcoin and Altcoin rise, while bad news will make the market experience correction and Bitcoin prices will fall. Demand and supply have always been a determining factor for the price, but news will affect the price itself. Although sometimes temporary, because the market will again take its role after the effect of the news disappears.
It is always like that because when bad news hit the market it gives the market a correctional approach to situate in better situation were the price will increase uncontrollably.
Bad news is what gives a strength to bitcoin price surg, and when price increase bitcoin always tends to create new ATH.
Usually Bear raids are used as a stimulus to make the market awaken, go up and start experiencing good results. Often with this pressure it shoots up to highs, bringing the price even to a higher level.
Bitcoin does this often enough where each significant upleg unlocks the prospects for the next one. This we demonstrate how such a market reaction enables the future movements of prices to be reignited.
Like currently if you take a look at the market you would see that there is a huge buying pressure that drives the market to nearly hit back the previous ATH, but I know that won't repeat itself this year till nearly Q2 next year. I am only speculating based on the previous market history and how it goes, I know there is every possibility for the market to hit above the ATH but could likely be under probability.
I agree with you that there is an over buying pressure of Bitcoin in the market and the big holders are planning to hold more in order to have a chance to participate in the race to the $100k price. I also expect that smaller investors who have a small number of bitcoins will benefit more if they patience and increase their stash by buying more. By reviewing the history we need to develop future prospects to keep breaking the ATH repeatedly and keep ourselves on the path to prosperity by accumulating more Bitcoin holdings.
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Like currently if you take a look at the market you would see that there is a huge buying pressure that drives the market to nearly hit back the previous ATH, but I know that won't repeat itself this year till nearly Q2 next year. I am only speculating based on the previous market history and how it goes, I know there is every possibility for the market to hit above the ATH but could likely be under probability.
Is not imposible for us to see another all time high within this period of time and giving as it is right now, we are just few bulk away from the previous all time high bitcoin price, this is an indication that we likely and possibly will see another break out of same, let say bitcoin hitting a price rang of $80 thousand before the end of the year 2024, it not going to be a surprising thing for most of us here since we already know the manner at which bitcoin move when it ready to create a new ATH record.
Going by that, expecting a 2 year time base for each all time record could become a defeated assumption this time around.
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Bitcoin has been struggling for a period and that's a fact.Global economy's a mess right now, tech stocks are literally down, and big investors are basically hesitant while investing on bitcoin.
But, to be honest, regulations are the real killer. China's crackdown is huge, and it's causing a tremendous effect. Plus, environmental concerns are making governments take a harder stance.
Here's the thing, though, sentiment's bearish RIGHT NOW, but markets fluctuate. Bitcoin's been through worse, and it's bounced back before.That's a fact to note about.That's basicallly market for you.
The crypto market is very volatile so sometimes we see bitcoin going through correction and then it will go up again. I don't see bitcoin weak right now, but bitcoin just hasn't been able to touch ATH again at $73K, we have to stay calm and hold our bitcoin. because it is likely that bitcoin will reach ATH soon.
Meanwhile, Bitcoin is very close to the previous ATH. The current market conditions are certainly strong especially since Bitcoin has started to turn bullish again in the last couple of days. Although there may be a slight correction at some point, it is uncertain whether it will happen at this time. Bitcoin has gained about 8 percent in the last 7 days. Bitcoin prices will continue to rise in the coming days, especially up to the election. Regardless of the election, the time is now for Bitcoin. After a long wait, the market has regained its momentum. I would advise investors not to get too excited but to increase their investment in Bitcoin. The market is bullish and will be in a bullish movement for the next few days but it will not be surprising if there is a correction at any time. Of course an investor needs to be patient.
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Like currently if you take a look at the market you would see that there is a huge buying pressure that drives the market to nearly hit back the previous ATH, but I know that won't repeat itself this year till nearly Q2 next year. I am only speculating based on the previous market history and how it goes, I know there is every possibility for the market to hit above the ATH but could likely be under probability.
Is not imposible for us to see another all time high within this period of time and giving as it is right now, we are just few bulk away from the previous all time high bitcoin price, this is an indication that we likely and possibly will see another break out of same, let say bitcoin hitting a price rang of $80 thousand before the end of the year 2024, it not going to be a surprising thing for most of us here since we already know the manner at which bitcoin move when it ready to create a new ATH record.
Going by that, expecting a 2 year time base for each all time record could become a defeated assumption this time around.
Like I said is under probability but since the market growth is uncontrollable then there is always an action to push the price to that level, and of course many of us have been optimistic about this market and with the hope that the market would hit 100k before the year ends, so even though we hit 80k this month, next and December or January we have been expecting it.
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Like I said is under probability but since the market growth is uncontrollable then there is always an action to push the price to that level, and of course many of us have been optimistic about this market and with the hope that the market would hit 100k before the year ends, so even though we hit 80k this month, next and December or January we have been expecting it.
We are still seeing the movement of Bitcoin where Bitcoin is hovering between $71K - $72k. It was above $73K yesterday, and the Bitcoin ATH could not be broken due to a slight lack of pump yesterday. However, according to the current movement of Bitcoin, it seems that Bitcoin may perform better in the coming month, it is likely to cross $80K in the next month. The current bitcoin situation is very encouraging for us, and we hope that bitcoin is going to show some good pump after this US presidential election. And I expect to see a strong bull run in the coming year, where Bitcoin will cross $120K.
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Like I said is under probability but since the market growth is uncontrollable then there is always an action to push the price to that level, and of course many of us have been optimistic about this market and with the hope that the market would hit 100k before the year ends, so even though we hit 80k this month, next and December or January we have been expecting it.
We are still seeing the movement of Bitcoin where Bitcoin is hovering between $71K - $72k. It was above $73K yesterday, and the Bitcoin ATH could not be broken due to a slight lack of pump yesterday. However, according to the current movement of Bitcoin, it seems that Bitcoin may perform better in the coming month, it is likely to cross $80K in the next month. The current bitcoin situation is very encouraging for us, and we hope that bitcoin is going to show some good pump after this US presidential election. And I expect to see a strong bull run in the coming year, where Bitcoin will cross $120K.
when the price of bitcoin has approached ATH, many people hope that bitcoin will soon reach a new ATH but it turns out that it was not achieved, bitcoin fell back below 470k. Maybe this is just the beginning but we see the last month of this year, the possibility of bitcoin prices reaching a new ATH at $ 80K or maybe $ 85K.
Currently I am just waiting for the price of bitcoin to go up again or down because there will be a correction.
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Like I said is under probability but since the market growth is uncontrollable then there is always an action to push the price to that level, and of course many of us have been optimistic about this market and with the hope that the market would hit 100k before the year ends, so even though we hit 80k this month, next and December or January we have been expecting it.
The market is indeed approached optimistically, and that is with good reason as the potential is enormous. From the analysis, a number of individuals think that there is much value creation to be had and that lofty goals will be met before the year ends. But with that momentum, reaching these targets is not unattainable.
If price increases and it gets closed to expected levels, we shall find growing support from the market. This enthusiasm helps us have the spirit to scan and wait for the big prospects that might occur in the next few months.
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Like I said is under probability but since the market growth is uncontrollable then there is always an action to push the price to that level, and of course many of us have been optimistic about this market and with the hope that the market would hit 100k before the year ends, so even though we hit 80k this month, next and December or January we have been expecting it.
The market is indeed approached optimistically, and that is with good reason as the potential is enormous. From the analysis, a number of individuals think that there is much value creation to be had and that lofty goals will be met before the year ends. But with that momentum, reaching these targets is not unattainable.
I still think there is possibility and of course market as we may know is gaining the necessary attention towards moving the directions people are desiring it to be, and when much pressure is pushed towards the market it stir up the price just as the market already created a new ATH and possibility of achieving more ATH still have and is attainable since we didn't even expect that we would have this creations towards the market this month.
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Like currently if you take a look at the market you would see that there is a huge buying pressure that drives the market to nearly hit back the previous ATH, but I know that won't repeat itself this year till nearly Q2 next year. I am only speculating based on the previous market history and how it goes, I know there is every possibility for the market to hit above the ATH but could likely be under probability.
If only we could predict and see the future, we would have known that the new ATH we thought would happen by next year is a few days to come, not far from us. Like after the US presidential election, if Trump is declared the winner, the crypto market will boom.
However, Trump's victory as US president has changed the dimensions of the crypto market that was supposed to head to a correctional market, to become a bull market instead. This makes the majority of crypto investors think that an $85k price tag is possible for Bitcoin to reach before the end of the year
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Like currently if you take a look at the market you would see that there is a huge buying pressure that drives the market to nearly hit back the previous ATH, but I know that won't repeat itself this year till nearly Q2 next year. I am only speculating based on the previous market history and how it goes, I know there is every possibility for the market to hit above the ATH but could likely be under probability.
If only we could predict and see the future, we would have known that the new ATH we thought would happen by next year is a few days to come, not far from us. Like after the US presidential election, if Trump is declared the winner, the crypto market will boom.
However, Trump's victory as US president has changed the dimensions of the crypto market that was supposed to head to a correctional market, to become a bull market instead. This makes the majority of crypto investors think that an $85k price tag is possible for Bitcoin to reach before the end of the year
Even if they think so they are right because looking from the market this few days you would understand that market is no longer being controlled by anyone or neither is it following the historical data. Like you already said no one can predict the future of bitcoin price if not lot of people could have seen it before hand that bitcoin will create a new ATH before next year the main bull run. I still believe that 85k is still possible Trump winning or losing market has been sailing without the intervention of these two people contesting for elections.
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Like currently if you take a look at the market you would see that there is a huge buying pressure that drives the market to nearly hit back the previous ATH, but I know that won't repeat itself this year till nearly Q2 next year. I am only speculating based on the previous market history and how it goes, I know there is every possibility for the market to hit above the ATH but could likely be under probability.
If only we could predict and see the future, we would have known that the new ATH we thought would happen by next year is a few days to come, not far from us. Like after the US presidential election, if Trump is declared the winner, the crypto market will boom.
However, Trump's victory as US president has changed the dimensions of the crypto market that was supposed to head to a correctional market, to become a bull market instead. This makes the majority of crypto investors think that an $85k price tag is possible for Bitcoin to reach before the end of the year
Even if they think so they are right because looking from the market this few days you would understand that market is no longer being controll
ed by anyone or neither is it following the historical data. Like you already said no one can predict the future of bitcoin price if not lot of people could have seen it before hand that bitcoin will create a new ATH before next year the main bull run. I still believe that 85k is still possible Trump winning or losing market has been sailing without the intervention of these two people contesting for elections.
The crypto market does not depend on the two people you mentioned, but Trump's victory has a positive impact on the current bitcoin price. Trump's victory made many people believe in bitcoin because of what Trump said during the campaign where he would support bitcoin and make the US the center of bitcoin and crypto progress, that is what has a positive influence on bitcoin today.
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Like currently if you take a look at the market you would see that there is a huge buying pressure that drives the market to nearly hit back the previous ATH, but I know that won't repeat itself this year till nearly Q2 next year. I am only speculating based on the previous market history and how it goes, I know there is every possibility for the market to hit above the ATH but could likely be under probability.
If only we could predict and see the future, we would have known that the new ATH we thought would happen by next year is a few days to come, not far from us. Like after the US presidential election, if Trump is declared the winner, the crypto market will boom.
However, Trump's victory as US president has changed the dimensions of the crypto market that was supposed to head to a correctional market, to become a bull market instead. This makes the majority of crypto investors think that an $85k price tag is possible for Bitcoin to reach before the end of the year
Even if they think so they are right because looking from the market this few days you would understand that market is no longer being controll
ed by anyone or neither is it following the historical data. Like you already said no one can predict the future of bitcoin price if not lot of people could have seen it before hand that bitcoin will create a new ATH before next year the main bull run. I still believe that 85k is still possible Trump winning or losing market has been sailing without the intervention of these two people contesting for elections.
The crypto market does not depend on the two people you mentioned, but Trump's victory has a positive impact on the current bitcoin price. Trump's victory made many people believe in bitcoin because of what Trump said during the campaign where he would support bitcoin and make the US the center of bitcoin and crypto progress, that is what has a positive influence on bitcoin today.
Trump is too technical and knowledgeable knowing the hearts of everyone especially the youth and he knows the narrative, where they are channeling their efforts towards the technology. Bitcoin is dominant and lot of people has wished for the legalization and adoption, through this Trump started his political campaign in the name of bitcoin to buy the heart of everyone, knowing too well that Kamala Harris do not support Bitcoin, and of course the most population who are bitcoin lovers would definitely moved to Trump to support him.
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Like currently if you take a look at the market you would see that there is a huge buying pressure that drives the market to nearly hit back the previous ATH, but I know that won't repeat itself this year till nearly Q2 next year. I am only speculating based on the previous market history and how it goes, I know there is every possibility for the market to hit above the ATH but could likely be under probability.
If only we could predict and see the future, we would have known that the new ATH we thought would happen by next year is a few days to come, not far from us. Like after the US presidential election, if Trump is declared the winner, the crypto market will boom.
However, Trump's victory as US president has changed the dimensions of the crypto market that was supposed to head to a correctional market, to become a bull market instead. This makes the majority of crypto investors think that an $85k price tag is possible for Bitcoin to reach before the end of the year
Yes, it's the biggest catalyst for this bull run, so I guess for those who might have doubt it, there you go, the answer is that Trump winning is going to be the news that will propel us to a new all time high.
But wait, it's not just like that, it's only the beginning, the price is going to head to $80k++ and before the end of the year, the price will be at anybody's guess. It could be 6 digits or close to it. And when he officially takes the oath and become the 47th president of the United States, we will see the price going on another 10% increased in day.
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Trump is too technical and knowledgeable knowing the hearts of everyone especially the youth and he knows the narrative, where they are channeling their efforts towards the technology. Bitcoin is dominant and lot of people has wished for the legalization and adoption, through this Trump started his political campaign in the name of bitcoin to buy the heart of everyone, knowing too well that Kamala Harris do not support Bitcoin, and of course the most population who are bitcoin lovers would definitely moved to Trump to support him.
Election is about strategy, supporting or not supporting what your opponent does not have in their campaign agendas.
Trump including Bitcoin in his campaign promises, really paved the way for him in this just-concluded election. At least Trump gats to say he got plenty of votes from people who support Bitcoin, while Harris didn't get many votes in that aspect(people who supported Bitcoin), because she is not fully in support of Bitcoin.
However, Trump and Harris had different campaign agendas they had in place for Americans. Americans voted in favor of the one that suits them as a country. It can be legalizing Bitcoin, putting a stop to the Israel, Arab nations war, and Ukraine war, American economy, stopping transgender, reducing tax payments, etc.
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Like currently if you take a look at the market you would see that there is a huge buying pressure that drives the market to nearly hit back the previous ATH, but I know that won't repeat itself this year till nearly Q2 next year. I am only speculating based on the previous market history and how it goes, I know there is every possibility for the market to hit above the ATH but could likely be under probability.
If only we could predict and see the future, we would have known that the new ATH we thought would happen by next year is a few days to come, not far from us. Like after the US presidential election, if Trump is declared the winner, the crypto market will boom.
However, Trump's victory as US president has changed the dimensions of the crypto market that was supposed to head to a correctional market, to become a bull market instead. This makes the majority of crypto investors think that an $85k price tag is possible for Bitcoin to reach before the end of the year
Yes, it's the biggest catalyst for this bull run, so I guess for those who might have doubt it, there you go, the answer is that Trump winning is going to be the news that will propel us to a new all time high.
But wait, it's not just like that, it's only the beginning, the price is going to head to $80k++ and before the end of the year, the price will be at anybody's guess. It could be 6 digits or close to it. And when he officially takes the oath and become the 47th president of the United States, we will see the price going on another 10% increased in day.
I can see the momentum holds by Donald Trump because already bitcoin has created another ATH by reaching 78k though I know there are possibility for bitcoin to create another, but just as you said Maybe after having swon in as 47th president. With the good news you would see the spontaneous increase in cryptocurrency and not only in Bitcoin but in all coins.
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Like currently if you take a look at the market you would see that there is a huge buying pressure that drives the market to nearly hit back the previous ATH, but I know that won't repeat itself this year till nearly Q2 next year. I am only speculating based on the previous market history and how it goes, I know there is every possibility for the market to hit above the ATH but could likely be under probability.
If only we could predict and see the future, we would have known that the new ATH we thought would happen by next year is a few days to come, not far from us. Like after the US presidential election, if Trump is declared the winner, the crypto market will boom.
However, Trump's victory as US president has changed the dimensions of the crypto market that was supposed to head to a correctional market, to become a bull market instead. This makes the majority of crypto investors think that an $85k price tag is possible for Bitcoin to reach before the end of the year
Yes, it's the biggest catalyst for this bull run, so I guess for those who might have doubt it, there you go, the answer is that Trump winning is going to be the news that will propel us to a new all time high.
But wait, it's not just like that, it's only the beginning, the price is going to head to $80k++ and before the end of the year, the price will be at anybody's guess. It could be 6 digits or close to it. And when he officially takes the oath and become the 47th president of the United States, we will see the price going on another 10% increased in day.
I can see the momentum holds by Donald Trump because already bitcoin has created another ATH by reaching 78k though I know there are possibility for bitcoin to create another, but just as you said Maybe after having swon in as 47th president. With the good news you would see the spontaneous increase in cryptocurrency and not only in Bitcoin but in all coins.
78K? maybe you saw the wrong ATH bitcoin, mate. because the ATH bitcoin reached today is 77,252K.
Trump's election as US president has a good influence on the crypto market, as soon as we see the price of bitcoin touch 80K.
I still hold some of my bitcoins in my wallet and will sell them gradually after the price of bitcoin touches 100k.
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78K? maybe you saw the wrong ATH bitcoin, mate. because the ATH bitcoin reached today is 77,252K.
Trump's election as US president has a good influence on the crypto market, as soon as we see the price of bitcoin touch 80K.
I still hold some of my bitcoins in my wallet and will sell them gradually after the price of bitcoin touches 100k.
You are right, he seems to see the wrong number of Bitcoin ATH price. According to Coinmarketcap, the current ATH of Bitcoin is $77,252k. This is just achieved today, BTC finally crossed $77k. Indeed, the news of Trump's win makes everything easy for Bitcoin to keep increasing. $80k will be possible to be achieve in next week, Just hope the price keep increasing in the same way. Well, I also plan to sell my Bitcoin when it is around $100k.
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....$80k will be possible to be achieve in next week, Just hope the price keep increasing in the same way. Well, I also plan to sell my Bitcoin when it is around $100k.
I guess in 3 days $80k is possible after the official tally is announced as the hype is still going on. Surely it will increase again and takes new ATH after Trump's takes oath as the official president on January next year eith his his speech and promises to deliver so this hype will continue until then.
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The price of Bitcoin can fluctuate significantly, and periods of weakness can be affected by various factors. Economic factors such as rising interest rates, inflation and economic uncertainty can affect all risky assets, including Bitcoin. When central banks raise interest rates, for example, investors often move away from riskier assets like bitcoin and toward safer assets like bonds. News of government investigations, or possible restrictions on the use of cryptocurrencies, can affect investor confidence. Some governments have recently increased regulations around crypto exchanges and digital assets, which can affect prices. When market sentiment shifts to a more conservative, risk-averse mode, assets such as Bitcoin often experience reduced demand. This can occur during global events such as economic downturns, geopolitical tensions or crises, where investors shift their money to assets considered safer. Certain market events, such as large holders (or "whales") selling significant amounts of Bitcoin, can create downward pressure on the market. In some cases, events such as the upcoming Bitcoin halving or security breaches at exchanges may also affect the supply-demand balance as new blockchain projects and technologies (such as Ethereum 2.0, Solana, or Layer 2 solutions) emerge, causing investors to move away from Bitcoin, among othersCan look for opportunities in cryptocurrencies.This could reduce demand for Bitcoin in favor of these alternatives. It is common for Bitcoin to experience corrections, where investors take profits and the market consolidates. This is a natural cycle in the volatile world of cryptocurrency.
If you are interested in recent Bitcoin price data or specific news, I can provide a current update.
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I can see the momentum holds by Donald Trump because already bitcoin has created another ATH by reaching 78k though I know there are possibility for bitcoin to create another, but just as you said Maybe after having swon in as 47th president. With the good news you would see the spontaneous increase in cryptocurrency and not only in Bitcoin but in all coins.
78K? maybe you saw the wrong ATH bitcoin, mate. because the ATH bitcoin reached today is 77,252K.
Trump's election as US president has a good influence on the crypto market, as soon as we see the price of bitcoin touch 80K.
I still hold some of my bitcoins in my wallet and will sell them gradually after the price of bitcoin touches 100k.
My bad! was to write 77k plus. Of course there has been a tremendous increase in the market than ever and will also adopt to your method by selling gradually maybe during the bear market which might last for long, at then I can also make sure to fill up my bags. But the real question is will bitcoin ever go back to 40k after coming bull run?