Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: Findingnemo on February 26, 2025, 07:25:19 PM
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For the past couple of days the market bleeds unstoppable, Bitcoin affected a lot even though Bybit hack has nothing to do with Bitcoin. So what's your analysis now, will it go down to 70-75K range?
I am not a fan of speculation just interested to hear the analysis made according to the situation.
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For the past couple of days the market bleeds unstoppable, Bitcoin affected a lot even though Bybit hack has nothing to do with Bitcoin. So what's your analysis now, will it go down to 70-75K range?
I am not a fan of speculation just interested to hear the analysis made according to the situation.
I think whale are playing game here for liquidations of the mass from market I mean they want to spread the panicking in the market and that force to the peoples and have some bitcoin in dip from peoples.
I am also not a expert but from my experience in this crypto world I understand this the whale want to take this market on that limit and then start the next pump. But range could be 78k up at least which is enough to make the panic seller sell.
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Yes, pure speculation which you're not a fan of, but I've heard people saying that Bybit and Binance are crashing the market to liquidate people and fill the whole caused by the $1.5b hack that Bybit suffered this last week. Does it make sense? I'm not sure, I can't read the data... but here are the first tweets about it:
https://x.com/martypartymusic/status/1894199752754901366
https://x.com/beaniemaxi/status/1894452461361938460
Then Bybit's CEO came defending himself: https://x.com/benbybit/status/1894200705335923167
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I've heard people saying that Bybit and Binance are crashing the market to liquidate people and fill the whole caused by the $1.5b hack that Bybit suffered this last week. Does it make sense? I'm not sure,
Kinda, they have to fill the hole so might pulled this move. Why bear the loss when you have pathetic, desperate people are there in the space, just make use of them. :-X
Weak hands/panic sellers always make the wrong move to make the rich more richer.LoL
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For the past couple of days the market bleeds unstoppable, Bitcoin affected a lot even though Bybit hack has nothing to do with Bitcoin. So what's your analysis now, will it go down to 70-75K range?
Yes, market is declining very badly. Today, the lowest price of Bitcoin is around $82k. If this continues, it is not impossible that the price to drop below $75k. However, I still don't hope that the price will drop more below $80k because it will be a strong sign for the bearish season if we drop to $70k. To be honest, I'm quite surprised that the market easily drops like this. I heard that many people who sold for loss.
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For the past couple of days the market bleeds unstoppable, Bitcoin affected a lot even though Bybit hack has nothing to do with Bitcoin. So what's your analysis now, will it go down to 70-75K range?
Yes, market is declining very badly. Today, the lowest price of Bitcoin is around $82k. If this continues, it is not impossible that the price to drop below $75k. However, I still don't hope that the price will drop more below $80k because it will be a strong sign for the bearish season if we drop to $70k. To be honest, I'm quite surprised that the market easily drops like this. I heard that many people who sold for loss.
Well we're at 65K range before 120 days so if someone entered the market after that and already lost confidence then it's their wrong decision because investments are supposed to be long term not a month or two and we can expect 2x returns which I am not saying possible but they should have done their research before jumping in.
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So everyone seems to be blaming Trump and his confirmation of the plan to impose 25% tariffs on the EU, which spoofed the market badly. I'm not convinced this is the case. Maybe it was just a catalyst for the market to take a stance and more money decided to head for the exit.
None of the most popular indicators would suggest the $109 was the peak of the cycle and that we entered a bear market, but, during the past cycles' tops, most also believed we were still to go up.
To me it looked like the price were artificially held down, as if someone tried to hold it down below $100k. The result was like 3 months of sideway action, aka accumulation phase, which was not what we would see in the prior cycles. So it's a possibility that it was not accumulation, but the actual peak of the hill.
At the same time, 20%-30% dips in the past cycles were not uncommon, so maybe it's just one of such cases. If we go down to low $70s, to me, that would be a sign of the bear market being over.
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So what's your analysis now, will it go down to 70-75K range?
I am not a fan of speculation just interested to hear the analysis made according to the situation.
Right now, I'm looking at the 2 key indicators that can say if we will go down or not.
The 21 and 34 Weekly EMA.
Right now, the price of Bitcoin is below 21 EMA, and touched the 34 EMA, but bounced back from it. We must see Bitcoin ending this week above the 21 weekly EMA to continue the bullish trend. If we will see Bitcoin closing the week below 21 EMA, there's a high possibility that we might see a reversal, and if we see it going below 34 EMA, and staying it for some time, brace for impact because the chances of the reversal is even higher.
I said that I'm bullish with the market since we are in a bull market season as well, but we know that anything can happen including what's happening right now.
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For the past couple of days the market bleeds unstoppable, Bitcoin affected a lot even though Bybit hack has nothing to do with Bitcoin. So what's your analysis now, will it go down to 70-75K range?
I am not a fan of speculation just interested to hear the analysis made according to the situation.
If it breaks $84-85k then we might be seeing 80k or even more lower. Yes, the recent bybit hack has nothing to do with this and this what makes this market truly that unpredictable yet it could really be able to make out some movements without having any sentiments behind on which you can really be able to say that its never been a predictable space. You would definitely be having that having realizations at the time that you had that true experience towards on how this market moves. We do know that it wont be called a market in the first place if it wont really be having that ups and downs. We do know that crypto market is really that volatile and totally unpredictable on which theres no TA or FA will be able to spot out or able to predict on where prices could go. This is why its recommended to set out SL's time to time or if you are active then you can manual close positions.
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Yes, pure speculation which you're not a fan of, but I've heard people saying that Bybit and Binance are crashing the market to liquidate people and fill the whole caused by the $1.5b hack that Bybit suffered this last week. Does it make sense? I'm not sure, I can't read the data... but here are the first tweets about it:
https://x.com/martypartymusic/status/1894199752754901366
https://x.com/beaniemaxi/status/1894452461361938460
Then Bybit's CEO came defending himself: https://x.com/benbybit/status/1894200705335923167
It makes sense to me, there's a lot of movement from exchanges lately but there's lot of exits from ETFs too
Looks like they liquidated almost all longs in the market
I don't think ordinary users like us are selling, but big players are
78k reached today hehehe
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Yes, pure speculation which you're not a fan of, but I've heard people saying that Bybit and Binance are crashing the market to liquidate people and fill the whole caused by the $1.5b hack that Bybit suffered this last week. Does it make sense? I'm not sure, I can't read the data... but here are the first tweets about it:
https://x.com/martypartymusic/status/1894199752754901366
https://x.com/beaniemaxi/status/1894452461361938460
Then Bybit's CEO came defending himself: https://x.com/benbybit/status/1894200705335923167
It makes sense to me, there's a lot of movement from exchanges lately but there's lot of exits from ETFs too
Looks like they liquidated almost all longs in the market
I don't think ordinary users like us are selling, but big players are
78k reached today hehehe
I'd not be wondering why they are doing if they lost lots of money because of the hack then they will find a way to cover the loss and will also pay the bounty to get back those hacked ETHs. It also have a purpose because those hackers will not be able to make huge pay if the prices dips low which means they actually didn't lost $1.4B.
Anyway, it already happening and there is no way of stopping it. We'll just as well be watching the market and let it crash.
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For the past couple of days the market bleeds unstoppable, Bitcoin affected a lot even though Bybit hack has nothing to do with Bitcoin. So what's your analysis now, will it go down to 70-75K range?
I am not a fan of speculation just interested to hear the analysis made according to the situation.
- Well, we have the same technical analysis as seen in Bitcoin, that's what I see, the deepest it can touch down is at 70 000$ up to 75k$, though some of our companions here may be doubtful about what I'm saying, but that's okay because this is my opinion and my own analysis.
But if there is sudden good news in the crypto space or in bitcoin, it may not happen as I said, which you also thought.
So, I also agree with what you're saying, mate.
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For the past couple of days the market bleeds unstoppable, Bitcoin affected a lot even though Bybit hack has nothing to do with Bitcoin. So what's your analysis now, will it go down to 70-75K range?
Exchange hacking incident always have to do indirectly on bitcoin's price, you can observed it on the past incidents, worst is this one is the largest in history. The FOMO of the exchange users, news, traders has a massive factor on why price go dump for this few days. I hope it won't go far fetch downward this time, going back to $50k~ish
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It's good that we stopped before reaching the $70-75k range, I think the lowest price Bitcoin reached was $79k and now it started to recover a little bit at the moment and rose to $84k.
Of course this does not mean that the correction is over, we may witness other waves of correction and we may reach lower levels, but I like to be optimistic and hope that this is the end of the correction and the start of the rise again to touch the old price.
Of course there are many reasons that caused the market to bleed, but I am very hopeful that Bitcoin will return stronger than before.
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as much as we want to be optimiztic with this dip, i can't get my heads to think the worse could come and the bears will just be ruling the market while the stolen funds from bybit hasn't been recovered.
rumor was that its bybit and binance manipulating the market to dip until everyone panics. and they got what they wanted. we shall see what will happen in the next 3 to 5 months if the market could still rise.
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It's good that we stopped before reaching the $70-75k range, I think the lowest price Bitcoin reached was $79k and now it started to recover a little bit at the moment and rose to $84k.
Of course this does not mean that the correction is over, we may witness other waves of correction and we may reach lower levels, but I like to be optimistic and hope that this is the end of the correction and the start of the rise again to touch the old price.
Of course there are many reasons that caused the market to bleed, but I am very hopeful that Bitcoin will return stronger than before.
Breaking the 80K barrier must be a sign whether it's 71K or 79K as long as we are in this we may see even the dip further. Interestingly someone made a thread about going below 75K and it looks like happening at the moment. The raise we are now doesn't seem to be holding on a long position that's another sign of uncertainty.
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It's good that we stopped before reaching the $70-75k range, I think the lowest price Bitcoin reached was $79k and now it started to recover a little bit at the moment and rose to $84k.
Of course this does not mean that the correction is over, we may witness other waves of correction and we may reach lower levels, but I like to be optimistic and hope that this is the end of the correction and the start of the rise again to touch the old price.
Of course there are many reasons that caused the market to bleed, but I am very hopeful that Bitcoin will return stronger than before.
Breaking the 80K barrier must be a sign whether it's 71K or 79K as long as we are in this we may see even the dip further. Interestingly someone made a thread about going below 75K and it looks like happening at the moment. The raise we are now doesn't seem to be holding on a long position that's another sign of uncertainty.
Yesterday Bitcoin price was pump $10k it was unbelievable move $85k to $95k but today it again drop to $85k. Such a volatile market is causing a lot of liquidation. And they are working completely against the prediction. I don't understand why this is happening. These issues have panicked the entire crypto market. this will only filter panic seller and then market will make a new ATH or market will crash again ?
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Yesterday Bitcoin price was pump $10k it was unbelievable move $85k to $95k but today it again drop to $85k. Such a volatile market is causing a lot of liquidation. And they are working completely against the prediction. I don't understand why this is happening. These issues have panicked the entire crypto market. this will only filter panic seller and then market will make a new ATH or market will crash again ?
I will try to look at the positive side here. Because every time this has happened in the bullish season in the market, the market has given a big pump. So I think the market is going to give a big pump in the future.
And the rest of what is happening now is what I would call big whale manipulation, causing people to panic and sell their bitcoins at a low price. And I would also say market always goes our expectation opposite.
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And I would also say market always goes our expectation opposite.
Yes, this is a very important point, the market often goes against the expectations of the public and this is the point that whales exploit to manipulate the market.
They know very well how to manipulate the market, so when they see that the majority expects a rise, they sell, which causes panic, which makes many weak people sell their Bitcoin, and this selling causes the price to fall, so the whales come back and buy again at a lower price.
So in such circumstances, the best strategy is long-term holding.
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And I would also say market always goes our expectation opposite.
Yes, this is a very important point, the market often goes against the expectations of the public and this is the point that whales exploit to manipulate the market.
They know very well how to manipulate the market, so when they see that the majority expects a rise, they sell, which causes panic, which makes many weak people sell their Bitcoin, and this selling causes the price to fall, so the whales come back and buy again at a lower price.
So in such circumstances, the best strategy is long-term holding.
So you're saying that the whales are big time traders manipulating the market to benefit from it. I bet you their manipulation will not work for long and it's only temporary. If we are still in the bull run, bitcoin price will definitely make a new ATH. But if the bear market catches up with us unexpectedly, we accept it and keep on stacking at a cheaper price.
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Yesterday Bitcoin price was pump $10k it was unbelievable move $85k to $95k but today it again drop to $85k. Such a volatile market is causing a lot of liquidation. And they are working completely against the prediction. I don't understand why this is happening. These issues have panicked the entire crypto market. this will only filter panic seller and then market will make a new ATH or market will crash again ?
Not sure whether it was caused of the manipulation or it is caused of the power of the Trump statement. Sure, Bitcoin was pumped to $95k but it dropped again drastically. It is always difficult to understand the market, but we don't need to feel confused. We only need to follow the trend of the market. Well, there is no way to know that we will hit a new ATH or we will go to the bearish. But I am still trying to trust that we are still in the bullish and may have a new ATH again for Bitcoin price.
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So you're saying that the whales are big time traders manipulating the market to benefit from it. I bet you their manipulation will not work for long and it's only temporary. If we are still in the bull run, bitcoin price will definitely make a new ATH. But if the bear market catches up with us unexpectedly, we accept it and keep on stacking at a cheaper price.
Yes, whales are definitely manipulating the market, this is obvious and does not even need proof, look at the market charts for the past few days and you will notice this quite easily.
For traders with a lot of experience, they can also benefit from this manipulation and these big fluctuations in short periods, but for me, it is safer to use the DCA strategy in the long term, this way you relieve yourself from watching the charts and thinking about the fluctuations.
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Yes, pure speculation which you're not a fan of, but I've heard people saying that Bybit and Binance are crashing the market to liquidate people and fill the whole caused by the $1.5b hack that Bybit suffered this last week. Does it make sense? I'm not sure, I can't read the data... but here are the first tweets about it:
https://x.com/martypartymusic/status/1894199752754901366
https://x.com/beaniemaxi/status/1894452461361938460
Then Bybit's CEO came defending himself: https://x.com/benbybit/status/1894200705335923167
Out of all the news, or rumors that are spreading on various places, i am wondering if some of these panic investors/traders are following up this informations, and whether the information are true or not, It is important to know that some this news about the market sudden price decrease may be real and should be follow up at all time.
Well, behind every prevailing news or rumors, there may be evidence of truth at some times. I think we have been hearing about market manipulations by whales, probably the current Bitcoin price situation may be attributed their activities.
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Currently now, reverse is the case, the $86k has been bullish until it landed at $90k and we don't know yet where we are still heading for after this, but the race for now has been between $80k and $90k and anytime we may be doing for now should fall within or between these range, all these will continue repeatedly until either of the support or resistance is overcome and we go bearish or bullish as the case may applies.
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Currently now, reverse is the case, the $86k has been bullish until it landed at $90k and we don't know yet where we are still heading for after this, but the race for now has been between $80k and $90k and anytime we may be doing for now should fall within or between these range, all these will continue repeatedly until either of the support or resistance is overcome and we go bearish or bullish as the case may applies.
Bitcoin has returned to $90k again today. Sure, Bitcoin still can drop again to $80k although it can reach $90,933 today. Bitcoin price very fluctuates in the last few days. I think the news from Trump that makes Bitcoin easily changes significantly. But we must thank to Trump, if there is no good news from Trump, I assume Bitcoin may be below $80k today. I don't expect that we will go to the bearish season very soon.
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Bitcoin has returned to $90k again today. Sure, Bitcoin still can drop again to $80k although it can reach $90,933 today. Bitcoin price very fluctuates in the last few days. I think the news from Trump that makes Bitcoin easily changes significantly. But we must thank to Trump, if there is no good news from Trump, I assume Bitcoin may be below $80k today. I don't expect that we will go to the bearish season very soon.
Why should we thank Trump, he was also the one who made the crypto market unstable and even when his inauguration Bitcoin dump was sudden.
The fundamentals are indeed very strong and any rumors that come out of Trump can be good or bad news.
Now the price may be quite good, but when bad rumors spread, the market will also go down.
It takes some assertiveness from Trump about his support for Bitcoin, not just saying out loud that he was a supporter of Bitcoin during the campaign, but concrete evidence is needed at this time.
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Bitcoin has returned to $90k again today. Sure, Bitcoin still can drop again to $80k although it can reach $90,933 today. Bitcoin price very fluctuates in the last few days. I think the news from Trump that makes Bitcoin easily changes significantly. But we must thank to Trump, if there is no good news from Trump, I assume Bitcoin may be below $80k today. I don't expect that we will go to the bearish season very soon.
Why should we thank Trump, he was also the one who made the crypto market unstable and even when his inauguration Bitcoin dump was sudden.
The fundamentals are indeed very strong and any rumors that come out of Trump can be good or bad news.
Now the price may be quite good, but when bad rumors spread, the market will also go down.
It takes some assertiveness from Trump about his support for Bitcoin, not just saying out loud that he was a supporter of Bitcoin during the campaign, but concrete evidence is needed at this time.
It's kind of funny that Trump is the reason why the market pumped, and also the reason why the market dumped.
Well, I guess the ones that should thank him are those traders made money, and it's because of all of his announcements that he made. :D
TBH, I also got profit from that recent price movement (converting to USDT then buying back BTC when it went down), and I guess I should thank him :D. The only ones that hate him are those who got liquidated. As for the concrete evidence, I guess we can say that he's a big supporter of Bitcoin when the Strategic Reserve Act will be passed.
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Yes, this is a very important point, the market often goes against the expectations of the public and this is the point that whales exploit to manipulate the market.
They know very well how to manipulate the market, so when they see that the majority expects a rise, they sell, which causes panic, which makes many weak people sell their Bitcoin, and this selling causes the price to fall, so the whales come back and buy again at a lower price.
So in such circumstances, the best strategy is long-term holding.
I am glad here to know that you got my point.
Actually that is also one reason I think we should always think the opposite of the market like when we will have feeling like market will pump that's mean there will be downish market soon.
And this is really happening in this crypto market and it will be in the future also so we have to also make our self on that point which won't feed the whale in this situation and continues our hodl.
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For traders with a lot of experience, they can also benefit from this manipulation and these big fluctuations in short periods, but for me, it is safer to use the DCA strategy in the long term, this way you relieve yourself from watching the charts and thinking about the fluctuations.
Well traders will try to take advantage of the manipulation that the pope is doing, maybe traders have a bot like a notification of what is happening .. because with the news bitcoin can jump again.
We just want to focus on DCA then trading is not interested anymore.
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Honestly, when Bitcoin dropped to $78k a few days ago, I was really worried whether it would go bearish this quickly. Luckily I remained patient and believed that this was just a very drastic market crash, but I was still able to survive and then get through it all. And it turned out to be true, after the drop was very far and made many people panic, then, there was some good news, and finally the price of Bitcoin skyrocketed very quickly. Uhhh, so relieved. Indeed, patience is very important in any situation, especially in crypto holding. This must have high patience accompanied by good understanding too.
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Honestly, when Bitcoin dropped to $78k a few days ago, I was really worried whether it would go bearish this quickly. Luckily I remained patient and believed that this was just a very drastic market crash, but I was still able to survive and then get through it all. And it turned out to be true, after the drop was very far and made many people panic, then, there was some good news, and finally the price of Bitcoin skyrocketed very quickly. Uhhh, so relieved. Indeed, patience is very important in any situation, especially in crypto holding. This must have high patience accompanied by good understanding too.
If you have patience you would wait for the price to come back higher but if you have trading knowledge you will understand that in every drastic move in the market there will be a pull back. I don't think $78k would be the bottom of that strong selling pressure, I waited for the $75k price before I buy but it won't happened. Buyers are very strong in that area that's why they can sustain the selling pressure and sent the price higher.
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TBH, I also got profit from that recent price movement (converting to USDT then buying back BTC when it went down), and I guess I should thank him :D. The only ones that hate him are those who got liquidated. As for the concrete evidence, I guess we can say that he's a big supporter of Bitcoin when the Strategic Reserve Act will be passed.
There are those who gain a lot of benefits like you and also those who suffer huge losses by losing their liquidity.
two sides that give different views and of course some say thank you like you and others condemn trump for being incompetent with Bitcoin or some manipulation that is done.
If Trump is really serious about Bitcoin, I'm also happy and it's good news for Bitcoin.
It takes a few detailed steps about Bitcoin so that it doesn't cause a lot of speculation that ends up being very bad for the crypto market.
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If you have patience you would wait for the price to come back higher but if you have trading knowledge you will understand that in every drastic move in the market there will be a pull back. I don't think $78k would be the bottom of that strong selling pressure, I waited for the $75k price before I buy but it won't happened. Buyers are very strong in that area that's why they can sustain the selling pressure and sent the price higher.
There is more to this market. Blackrock used 2 weeks to sell 130 btc everyday, he was selling until Trump made an announcement about strategic reserve and assured to add other coins like XRP, Sol, Ada and ETH and after the rest, he just resume yesterday and buy again. If that announcement didn't happen, I'm sure that he will keep selling and that your support will be broken.
Buy and sell has both side and it depends on who is doing the buy at that time and who is selling at that time. If institutions are selling, the retailers will sell as well and if they notice they are buying, they turn bullish again.
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Well traders will try to take advantage of the manipulation that the pope is doing, maybe traders have a bot like a notification of what is happening .. because with the news bitcoin can jump again.
We just want to focus on DCA then trading is not interested anymore.
Yes of course focusing on DCA is much more important than trading and is safer and more profitable in the long run.
But for people who have good capital and love trading, they can allocate a small part of the capital to trading and get some quick profits, through these big fluctuations that we see, they can get scalping deals with good small profits.
But I recommend this only for those who have experience in this type of trading.
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There is more to this market. Blackrock used 2 weeks to sell 130 btc everyday, he was selling until Trump made an announcement about strategic reserve and assured to add other coins like XRP, Sol, Ada and ETH and after the rest, he just resume yesterday and buy again. If that announcement didn't happen, I'm sure that he will keep selling and that your support will be broken.
Buy and sell has both side and it depends on who is doing the buy at that time and who is selling at that time. If institutions are selling, the retailers will sell as well and if they notice they are buying, they turn bullish again.
I cannot guess what is happening behind the scenes that the whales have set up for us in this market. They might just be selling to create panic and fear for holders, so they can buy more BTC at a lower price. I believe this is happening, because the bullrun is still ongoing instead of ending in early 2025.
Back to the topic, at least currently the BTC price has not had a weekly candle close below $86K but we are enduring boring sideways movement. I am thinking of 2 scenarios: BTC price soon falls out of $75K to enter a correction wave, or it will quickly rise to $140K to compensate for the stagnation of many months.
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Well traders will try to take advantage of the manipulation that the pope is doing, maybe traders have a bot like a notification of what is happening .. because with the news bitcoin can jump again.
We just want to focus on DCA then trading is not interested anymore.
Yes of course focusing on DCA is much more important than trading and is safer and more profitable in the long run.
But for people who have good capital and love trading, they can allocate a small part of the capital to trading and get some quick profits, through these big fluctuations that we see, they can get scalping deals with good small profits.
But I recommend this only for those who have experience in this type of trading.
Although I have had experience in trading but I do not want to avoid greater risk even though allocating a little, this is not a little calm sometimes the mind becomes a trading problem now.
Of course investing the DCA way may be the way to go now because throughout the year we have profited hundreds of percent after bitcoin above $100K.
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It doesn't really look like we're still dropping.
Price holds around $86k, so more of a sideway action and we should have a breakout either way. Some say that we might dip again in the lover $70s area before going back up, but I haven't yet seen any analysts announcing the end of the bull market.
As of now, market is disappointed in the strategic reserve executive order announcement, but there's no major panic, so I guess that's good.
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Honestly, when Bitcoin dropped to $78k a few days ago, I was really worried whether it would go bearish this quickly. Luckily I remained patient and believed that this was just a very drastic market crash, but I was still able to survive and then get through it all. And it turned out to be true, after the drop was very far and made many people panic, then, there was some good news, and finally the price of Bitcoin skyrocketed very quickly. Uhhh, so relieved. Indeed, patience is very important in any situation, especially in crypto holding. This must have high patience accompanied by good understanding too.
If you have patience you would wait for the price to come back higher but if you have trading knowledge you will understand that in every drastic move in the market there will be a pull back. I don't think $78k would be the bottom of that strong selling pressure, I waited for the $75k price before I buy but it won't happened. Buyers are very strong in that area that's why they can sustain the selling pressure and sent the price higher.
According to the current market conditions, it will be difficult to expect the price of Bitcoin to fall below 80k. If those who are thinking increase their investment at this time, then there is a big chance for the price of Bitcoin to recover in the near future. In the meantime, the price of Bitcoin is now 20% below from the highest price, if a bullish movement starts, it will not be difficult to cross the previous ATH. Currently, the price of Bitcoin has a strong resistance at 84k. I think it is difficult get down to that price. Trump has issued an executive order to reserve Bitcoin, so it is certain that the price of Bitcoin will increase. Surely those who invest in this market will be able to profit more from it.
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According to the current market conditions, it will be difficult to expect the price of Bitcoin to fall below 80k. If those who are thinking increase their investment at this time, then there is a big chance for the price of Bitcoin to recover in the near future. In the meantime, the price of Bitcoin is now 20% below from the highest price, if a bullish movement starts, it will not be difficult to cross the previous ATH. Currently, the price of Bitcoin has a strong resistance at 84k. I think it is difficult get down to that price. Trump has issued an executive order to reserve Bitcoin, so it is certain that the price of Bitcoin will increase. Surely those who invest in this market will be able to profit more from it.
Just as I always warn you never to underestimate the price of Bitcoin going up, never underestimate how much it could fall, so that everyone can take better precautions and make better plans based on reality
BTC could fall from 80k, it could fall from 70k, it could fall a lot
I've seen the market since 2017 and 2018 was a bad year for cryptos, where every day it fell, every day we thought it couldn't fall any further, and the price fell...
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If you have patience you would wait for the price to come back higher but if you have trading knowledge you will understand that in every drastic move in the market there will be a pull back. I don't think $78k would be the bottom of that strong selling pressure, I waited for the $75k price before I buy but it won't happened. Buyers are very strong in that area that's why they can sustain the selling pressure and sent the price higher.
You still don't get it, even we the Sell event News and some FUD, it's clear that there's still some manipulation ongoing, the price isn't suppose to pull back upto that extent imo your trading skill will just wipe your money out for now somehow. 75k indeed was the point where the market picked it's earlier thrust after election so there's pretty much some buying pressure but in a bear season they likely might have taken profit and wait for lesser opportunities to buy yet we can still experience something below
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Just as I always warn you never to underestimate the price of Bitcoin going up, never underestimate how much it could fall, so that everyone can take better precautions and make better plans based on reality
BTC could fall from 80k, it could fall from 70k, it could fall a lot
I've seen the market since 2017 and 2018 was a bad year for cryptos, where every day it fell, every day we thought it couldn't fall any further, and the price fell...
During this current time, we have been under $80k and it touched $78k. And after that, there was a significant increase to above $90k again. Then, the market dropped again very drastically. Today is the same, if we look at the current market conditions, everything is down. Down -12% in 7D. The lowest figure today is $81,891. And it is quite possible that the BTC price will drop again below $80k this week if the market has not been able to reach its turning point. But well, the scheme will definitely be like this before it really enters the peak period of the bullrun. So we must be physically and mentally prepared to face all of this.
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For the past couple of days the market bleeds unstoppable, Bitcoin affected a lot even though Bybit hack has nothing to do with Bitcoin. So what's your analysis now, will it go down to 70-75K range?
I am not a fan of speculation just interested to hear the analysis made according to the situation.
As far as know, nothing is certain on the price of Bitcoin market, i am sure that $75k to $70k is possible, i can't rule it out because there can be many possibilities when it comes to market conditions and predictions.
I was expecting a bounce to $100k before coming down to a New Lows but the market dynamic changes at intervals. However, i think that we may still see a quick $95k by next week, then another Lows in my opinion.
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During this current time, we have been under $80k and it touched $78k. And after that, there was a significant increase to above $90k again. Then, the market dropped again very drastically. Today is the same, if we look at the current market conditions, everything is down. Down -12% in 7D. The lowest figure today is $81,891. And it is quite possible that the BTC price will drop again below $80k this week if the market has not been able to reach its turning point. But well, the scheme will definitely be like this before it really enters the peak period of the bullrun. So we must be physically and mentally prepared to face all of this.
And we're already under 80k again
Perhaps this is one of the most annoying parts of the market, the devaluation little by little, over days, weeks or even months
It takes a lot of patience and confidence to stay firm in the market
I think we're all in doubt as to whether:
It's just a big correction that usually happens in cycles and ATHs
or
Whether it's the start of a bear market that will last a few months or even years
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I think we're all in doubt as to whether:
It's just a big correction that usually happens in cycles and ATHs
or
Whether it's the start of a bear market that will last a few months or even years
That's what I started to think as well since the 80k range broken. Could be a big correction before the real big jump. :)
Stay positive guys, it will bounce back until that keep buying.
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The market is currently at $78,000 as at the time of writing this, what else should we expect more, bearish or bullish trend, but I don't want to believe all these have anything to do with the political influence or manipulation, just as we already know, the market can behave as it likes depending on those actors that are pumping and dumping on it, if we should have this $78,000 the third time, then we should all believe that we are going dip a little bit within $70,000 to $80,000 and it may be hard to get back on $90,000.
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For the past couple of days the market bleeds unstoppable, Bitcoin affected a lot even though Bybit hack has nothing to do with Bitcoin. So what's your analysis now, will it go down to 70-75K range?
I am not a fan of speculation just interested to hear the analysis made according to the situation.
Despite the bearish trend of the market, it is yet to reach your predicted zone. Whenever Bitcoin gets too dip, it’ll always find a way to recover back and the last time it did, it went up all to $90K which relived a lot of holders that the market will receive and reach its ATH once again after been away from that price for a while now. The market is on another bearish trend, don’t know if it’ll get to $70K this time around but whatever happens, it’ll definitely not bother long time holders and neither will they panic. Only short term hodlers and spot traders holding on to some alt coins will be bothered as most of the altcoins currently are als falling in price.
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For the past couple of days the market bleeds unstoppable, Bitcoin affected a lot even though Bybit hack has nothing to do with Bitcoin. So what's your analysis now, will it go down to 70-75K range?
I am not a fan of speculation just interested to hear the analysis made according to the situation.
Despite the bearish trend of the market, it is yet to reach your predicted zone. Whenever Bitcoin gets too dip, it’ll always find a way to recover back and the last time it did, it went up all to $90K which relived a lot of holders that the market will receive and reach its ATH once again after been away from that price for a while now. The market is on another bearish trend, don’t know if it’ll get to $70K this time around but whatever happens, it’ll definitely not bother long time holders and neither will they panic. Only short term hodlers and spot traders holding on to some alt coins will be bothered as most of the altcoins currently are als falling in price.
Well, In such a situation, there is no pressure to be a long-term holder. For some who are interested in short-term investments, there is high risk even if they get good returns during this time. According to the current market conditions, the price of Bitcoin may decrease further during this time. Due to which there is a lot of tension among short-term investors. They are under more pressure mentally. In the last 24 hours, the price of Bitcoin was at a low of 76k and after bouncing back from there, it is again in the range of 81k. In this volatility, buying and selling Bitcoin is definitely stressful for short-term investors.
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For the past couple of days the market bleeds unstoppable, Bitcoin affected a lot even though Bybit hack has nothing to do with Bitcoin. So what's your analysis now, will it go down to 70-75K range?
I am not a fan of speculation just interested to hear the analysis made according to the situation.
Despite the bearish trend of the market, it is yet to reach your predicted zone. Whenever Bitcoin gets too dip, it’ll always find a way to recover back and the last time it did, it went up all to $90K which relived a lot of holders that the market will receive and reach its ATH once again after been away from that price for a while now. The market is on another bearish trend, don’t know if it’ll get to $70K this time around but whatever happens, it’ll definitely not bother long time holders and neither will they panic. Only short term hodlers and spot traders holding on to some alt coins will be bothered as most of the altcoins currently are als falling in price.
Currently the market would only favor long term holders because they wouldn't be panicked to sell of their holdings instead could decide to do DCA to increase their holdings. Usually people who do not know how the market operate could be that tempted to easily pushed off their holdings in other to secure profits, as Long term cryptocurrency investor would know that is the right time to accumulate more Bitcoin.
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For the past couple of days the market bleeds unstoppable, Bitcoin affected a lot even though Bybit hack has nothing to do with Bitcoin. So what's your analysis now, will it go down to 70-75K range?
I am not a fan of speculation just interested to hear the analysis made according to the situation.
Despite the bearish trend of the market, it is yet to reach your predicted zone. Whenever Bitcoin gets too dip, it’ll always find a way to recover back and the last time it did, it went up all to $90K which relived a lot of holders that the market will receive and reach its ATH once again after been away from that price for a while now. The market is on another bearish trend, don’t know if it’ll get to $70K this time around but whatever happens, it’ll definitely not bother long time holders and neither will they panic. Only short term hodlers and spot traders holding on to some alt coins will be bothered as most of the altcoins currently are als falling in price.
Currently the market would only favor long term holders because they wouldn't be panicked to sell of their holdings instead could decide to do DCA to increase their holdings. Usually people who do not know how the market operate could be that tempted to easily pushed off their holdings in other to secure profits, as Long term cryptocurrency investor would know that is the right time to accumulate more Bitcoin.
Bitcoin price may further down as Bitcoin price movement does not look positive. Even if the price goes up a bit, it comes down again very quickly. So Bitcoin looks like it could drop below $60,000 at any time so this could be very bad news for Bitcoin investors and good news for many as they will be able to buy Bitcoin again at a much lower price. Which will give huge profit at next ATH
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Bitcoin price may further down as Bitcoin price movement does not look positive. Even if the price goes up a bit, it comes down again very quickly. So Bitcoin looks like it could drop below $60,000 at any time so this could be very bad news for Bitcoin investors and good news for many as they will be able to buy Bitcoin again at a much lower price. Which will give huge profit at next ATH
Yesterday, Bitcoin was pumped to $84k. It was a positive move, right? If now Bitcoin is decreasing its price, we can understand that it is a temporary dump after the pump. There will be always a decrease after an increase, we don't be so surprised. Yes, Bitcoin isn't impossible to drop below $70k. But I doubt if Bitcoin will drop to $60k. I think the lowest price will be around $65k.
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For the past couple of days the market bleeds unstoppable, Bitcoin affected a lot even though Bybit hack has nothing to do with Bitcoin. So what's your analysis now, will it go down to 70-75K range?
I am not a fan of speculation just interested to hear the analysis made according to the situation.
Despite the bearish trend of the market, it is yet to reach your predicted zone. Whenever Bitcoin gets too dip, it’ll always find a way to recover back and the last time it did, it went up all to $90K which relived a lot of holders that the market will receive and reach its ATH once again after been away from that price for a while now. The market is on another bearish trend, don’t know if it’ll get to $70K this time around but whatever happens, it’ll definitely not bother long time holders and neither will they panic. Only short term hodlers and spot traders holding on to some alt coins will be bothered as most of the altcoins currently are als falling in price.
Currently the market would only favor long term holders because they wouldn't be panicked to sell of their holdings instead could decide to do DCA to increase their holdings. Usually people who do not know how the market operate could be that tempted to easily pushed off their holdings in other to secure profits, as Long term cryptocurrency investor would know that is the right time to accumulate more Bitcoin.
Bitcoin price may further down as Bitcoin price movement does not look positive. Even if the price goes up a bit, it comes down again very quickly. So Bitcoin looks like it could drop below $60,000 at any time so this could be very bad news for Bitcoin investors and good news for many as they will be able to buy Bitcoin again at a much lower price. Which will give huge profit at next ATH
This would likely happened if we passed through the bull season because as I know the bull market is not yet over and from history bull market doesn't close by this time. So, even if the market would drop it wouldn't exceed the range of 80-70k in my own perspective and we shouldn't be that carried away instead, we have to be ready at that point to accumulate enough of it.
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For right now, seems still difficulty for bitcoin break out above $86k after several days keep stable at lower price since price crash last several weeks ago under $78k. Most waiting moment for bitcoin and altcoin holder maybe take more longer time for awhile due bitcoin have difficulty break out and for altcoin holder take right moment to purchase as much possibility with any top altcoins.
If want make investment with bitcoin I think right now is very profitable moment after bitcoin crash and have possibility will break out again above $100k, just waiting when the right moment coming not difficult for bitcoin raise up back and hit new ATH price after latest ATH above $108k.
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For right now, seems still difficulty for bitcoin break out above $86k after several days keep stable at lower price since price crash last several weeks ago under $78k. Most waiting moment for bitcoin and altcoin holder maybe take more longer time for awhile due bitcoin have difficulty break out and for altcoin holder take right moment to purchase as much possibility with any top altcoins.
If want make investment with bitcoin I think right now is very profitable moment after bitcoin crash and have possibility will break out again above $100k, just waiting when the right moment coming not difficult for bitcoin raise up back and hit new ATH price after latest ATH above $108k.
The current trends of Bitcoin are still volatile since it has come under pressure in the past weeks. Slightly, the price appears to be a victim of a search for higher ground before it can advance to the next level. Many are still expecting the prices of Bitcoin to rise once again to the kind of levels that the current market situation can be considered favourable. Apparently, this scenario may testify to the attempts to retest the zone of $90K-$100K in the nearest months; with the utmost potential rising above $110K if the buying pressure rises further. But if the selling pressure remains strong, there is potential that price drops back to the $75K-$78K range then, breaks up and move up as usual.
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Looks like yesterday's enthusiasm was not long-lasting.
According to CMC, today's high was $87,443.27 in a very early hours, but things went downhill from there. I guess we are going to be stuck between $80-$85k for abit longer. A break out will happen eventually and I still think it's more likely to go up.
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Looks like yesterday's enthusiasm was not long-lasting.
According to CMC, today's high was $87,443.27 in a very early hours, but things went downhill from there. I guess we are going to be stuck between $80-$85k for abit longer. A break out will happen eventually and I still think it's more likely to go up.
I have some doubts about Bitcoin experiencing a price increase in the near future. Actually, the consolidation level which is found at the current level could be considered reliable to uphold an upward pattern. It even seemed to reached $87,000 but as soon as this level was reached selling pressure started to come into effect and reduce the price. It may suggest that there is some volatility in the market, and unless a strong up-thrust is made, it may stagnate at this level or go lower. As much as I do not dismiss an increase, if there is constant selling pressure and demand is not enough then it can also go the other way around.
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Looks like yesterday's enthusiasm was not long-lasting.
According to CMC, today's high was $87,443.27 in a very early hours, but things went downhill from there. I guess we are going to be stuck between $80-$85k for abit longer. A break out will happen eventually and I still think it's more likely to go up.
When the price of Bitcoin is touching 80k, the price of Bitcoin is going up again in a short time, which is why we can say that there is a big possibility of Bitcoin's price increasing. I will agree with you that looking at the current market trend, it seems that it will take some more time to become bullish. That is, the price of Bitcoin can be stable between 84-90 K. But it will not take time for the market to change at any time. That is, crossing 100 K can now only be a matter of time. If the price increases by about 20 percent from the current market price, then the price of Bitcoin cross 100K.
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When the price of Bitcoin is touching 80k, the price of Bitcoin is going up again in a short time, which is why we can say that there is a big possibility of Bitcoin's price increasing. I will agree with you that looking at the current market trend, it seems that it will take some more time to become bullish. That is, the price of Bitcoin can be stable between 84-90 K. But it will not take time for the market to change at any time. That is, crossing 100 K can now only be a matter of time. If the price increases by about 20 percent from the current market price, then the price of Bitcoin cross 100K.
Yes, Bitcoin has been increasing again. After it dropped below $80k, it starts to increase again gradually. However, it is likely in a sideways, the price moves around $80k - $86k since March 13. Maybe next month Bitcoin price will cross again $90k, or it may drop again below $80k. It is a bit difficult to predict the price movement of Bitcoin nowadays. But I agree that it is unlikely reaching $100k again in the near future. Sure, we need to be patient to wait for Bitcoin crossing $100k again.
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Looks like yesterday's enthusiasm was not long-lasting.
According to CMC, today's high was $87,443.27 in a very early hours, but things went downhill from there. I guess we are going to be stuck between $80-$85k for abit longer. A break out will happen eventually and I still think it's more likely to go up.
I have some doubts about Bitcoin experiencing a price increase in the near future. Actually, the consolidation level which is found at the current level could be considered reliable to uphold an upward pattern. It even seemed to reached $87,000 but as soon as this level was reached selling pressure started to come into effect and reduce the price. It may suggest that there is some volatility in the market, and unless a strong up-thrust is made, it may stagnate at this level or go lower. As much as I do not dismiss an increase, if there is constant selling pressure and demand is not enough then it can also go the other way around.
It did go as high as $88,756 according to CMC and as expected, there are short short day speculators that might have sold to make some profits. Still a good sign though for the market to at least have some kind of semblace or a recovery.
Right now it's down to $87,000, and as long it's above $85,000, I think we are still in the bull market. And there is some good news that really put the market to go up in the last 24 hours are it was reported that Trump might ease the tariff or lower it or even removed it totally that's why the positive reaction of the market.
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It did go as high as $88,756 according to CMC and as expected, there are short short day speculators that might have sold to make some profits. Still a good sign though for the market to at least have some kind of semblance or a recovery.
And that is the most important thing, at least for now. The market of Bitcoin is resisting going down below $85K and though we can not be sure if the market can hold on to this level we can feel there is an enveloping excitement back. Hopefully, there can be a pool of energy that can push Bitcoin towards the $90K zone and then who knows we can even be lucky to see it go again to the $100K area though admittedly this can already be a big stretch. Let's see how this week can develop for Bitcoin because I am already planning something for the assets am hiding.
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BTC can test $90K as we seen the strength last 3 days so we may see this level in next few days and then can dump later in coming days up to $72K.
If BTC trade above $90k level then alts can pump at least 20% to 50% in coming days.
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BTC can test $90K as we seen the strength last 3 days so we may see this level in next few days and then can dump later in coming days up to $72K.
If BTC trade above $90k level then alts can pump at least 20% to 50% in coming days.
Since the current market is still in a bullish phase, we think it can touch 90K. Especially since there are still 3 days left until the end of this month and even if the market is bullish during this period, it can also exceed the previous AT HK. There is also a chance of being bearish. As long as it is not exceeding 90K, it will be difficult to be bullish. During this period, the price may also decrease slightly. If the current price is 86K, that is not unreasonable. Moreover, there is no way to say that 86K alone indicates a bearish market. However, my guess is that no matter how bad the market is, it will not fall below 80K at this time.
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Since the current market is still in a bullish phase, we think it can touch 90K. Especially since there are still 3 days left until the end of this month and even if the market is bullish during this period, it can also exceed the previous AT HK. There is also a chance of being bearish. As long as it is not exceeding 90K, it will be difficult to be bullish. During this period, the price may also decrease slightly. If the current price is 86K, that is not unreasonable. Moreover, there is no way to say that 86K alone indicates a bearish market. However, my guess is that no matter how bad the market is, it will not fall below 80K at this time.
Even if Bitcoin doesn't reach $90k anymore, I personally think we are still in the bullish season. However, I also agree that it is very possible to reach $90k again even if it won't be very soon. I don't think it will be achieved in this month, it probably will drop again at the end of this month. I just hope it won't drop below $80k again because it will be harder to achieve $90k. Well, we are still in Q1 2025, we still have Q2-Q4. I think we shouldn't be so afraid with the BTC price movement. It has a lot of time to grow again.
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Since the current market is still in a bullish phase, we think it can touch 90K. Especially since there are still 3 days left until the end of this month and even if the market is bullish during this period, it can also exceed the previous AT HK. There is also a chance of being bearish. As long as it is not exceeding 90K, it will be difficult to be bullish. During this period, the price may also decrease slightly. If the current price is 86K, that is not unreasonable. Moreover, there is no way to say that 86K alone indicates a bearish market. However, my guess is that no matter how bad the market is, it will not fall below 80K at this time.
Even if Bitcoin doesn't reach $90k anymore, I personally think we are still in the bullish season. However, I also agree that it is very possible to reach $90k again even if it won't be very soon. I don't think it will be achieved in this month, it probably will drop again at the end of this month. I just hope it won't drop below $80k again because it will be harder to achieve $90k. Well, we are still in Q1 2025, we still have Q2-Q4. I think we shouldn't be so afraid with the BTC price movement. It has a lot of time to grow again.
Bitcoin price dropped to $83k+ today due to US high inflation data. I hope that the price doesn't go below $83k because there should be a resistance force at $84k. However, there's a high chance for bitcoin to pump again because the bull market will definitely create a new ATH.
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Even if Bitcoin doesn't reach $90k anymore, I personally think we are still in the bullish season. However, I also agree that it is very possible to reach $90k again even if it won't be very soon. I don't think it will be achieved in this month, it probably will drop again at the end of this month. I just hope it won't drop below $80k again because it will be harder to achieve $90k. Well, we are still in Q1 2025, we still have Q2-Q4. I think we shouldn't be so afraid with the BTC price movement. It has a lot of time to grow again.
The bull season depend on how dip Bitcoin price goes. If we ever see $40k, no doubt bear market is inevitable but if we stay at $70k and above, then the altcoins will be doing there thing, there is going to be liquidity in the market and there is going to be interest together with confidence from institutional investors and retail investors combine.
We have to be realistic though, the price will be very difficult to see again unless there is another bullish news other than what we have heard since the beginning of the bull run we have been feeding ourselves about the Bitcoin reserve.
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Bitcoin price dropped to $83k+ today due to US high inflation data. I hope that the price doesn't go below $83k because there should be a resistance force at $84k. However, there's a high chance for bitcoin to pump again because the bull market will definitely create a new ATH.
US inflation is really very disruptive to Bitcoin's rapid growth, When the price of Bitcoin is as volatile as it is right now, Altcoins are hit quite a bit.
The sudden price drop made altcoins also experience a drastic decline.
I hold Bitcoin as well as altcoins, but they all go down and I just have to hold them and if I have spare money I'll buy them back at a cheaper price.
I believe the ATH will only be reached after this bearish market ends and turns into a BULLISH market.
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To me, it doesn't look like a bear market quite yet, but people's optimism on whether we are still in a bull market is waning.
All looks like we're going to have a second month in a row with negative returns, so it's getting harder to believe it's just a normal dip on a way up, unless we expect to see something similar to the previous cycle when we had a double top.
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To me, it doesn't look like a bear market quite yet, but people's optimism on whether we are still in a bull market is waning.
All looks like we're going to have a second month in a row with negative returns, so it's getting harder to believe it's just a normal dip on a way up, unless we expect to see something similar to the previous cycle when we had a double top.
Every cycle I've been through, this is obviously the one with the most people involved, the most influencers, the most analysts, the most whales, the most institutions...
And I've never seen so many people giving opinions and making analyses. If you look, there are analysts saying it's a bear market and it's going below 70k, there are people talking about a long sideways movement, and there are people who think it will soon go over 100k again
The great truth is that nobody knows hahaha, nobody at all
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Every cycle I've been through, this is obviously the one with the most people involved, the most influencers, the most analysts, the most whales, the most institutions...
And I've never seen so many people giving opinions and making analyses. If you look, there are analysts saying it's a bear market and it's going below 70k, there are people talking about a long sideways movement, and there are people who think it will soon go over 100k again
The great truth is that nobody knows hahaha, nobody at all
I have known Bitcoin with one thing, the more people analyze it, the less chance of that thing happening. Before December, people were bullish about Bitcoin, people didn't expect the price to move that much but December US election made everyone become so bullish on Bitcoin price that everyone are now calling for $1m all time high.
Bitcoin went as high as possible that everyone thinks that we are going to see another all time high but we are all watching the price go down to $80k and the majority never expected it to come that fast, this is why as a trader, it's not good to follow people's opinions.
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Every cycle I've been through, this is obviously the one with the most people involved, the most influencers, the most analysts, the most whales, the most institutions...
And I've never seen so many people giving opinions and making analyses. If you look, there are analysts saying it's a bear market and it's going below 70k, there are people talking about a long sideways movement, and there are people who think it will soon go over 100k again
The great truth is that nobody knows hahaha, nobody at all
I have known Bitcoin with one thing, the more people analyze it, the less chance of that thing happening. Before December, people were bullish about Bitcoin, people didn't expect the price to move that much but December US election made everyone become so bullish on Bitcoin price that everyone are now calling for $1m all time high.
Yes, if we think that it will go on the positive direction, somewhat Bitcoin like have it's own mind and move on the other side. But last year though was different, it is expected that the price to go, and if I'm not mistaken, the highest prediction was $94k. And again, it exceeded our expectation because of Trump winning.
Bitcoin went as high as possible that everyone thinks that we are going to see another all time high but we are all watching the price go down to $80k and the majority never expected it to come that fast, this is why as a trader, it's not good to follow people's opinions.
We can have our own prediction that might be the same with the majority. Doesn't matter though, as we all know that Bitcoin price is hard to predict, even what most of us have the same prediction, it will go on it's own and it could be very different as what others might think.
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To me, it doesn't look like a bear market quite yet, but people's optimism on whether we are still in a bull market is waning.
All looks like we're going to have a second month in a row with negative returns, so it's getting harder to believe it's just a normal dip on a way up, unless we expect to see something similar to the previous cycle when we had a double top.
I think people still feel confident about the market. But I assume there is a manipulation in the market, so the price dropped very significantly. I don't think we need to feel so afraid about the future of crypto market. Everything is still normal, the decline isn't so badly. As long as Bitcoin doesn't return to around $60k-$70k, we can expect that we may have green period again. I personally still assume that we may see Bitcoin to be above $90k again in the next few weeks. We may see the next top or the next ATH again.
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Bitcoin price dropped to $83k+ today due to US high inflation data. I hope that the price doesn't go below $83k because there should be a resistance force at $84k. However, there's a high chance for bitcoin to pump again because the bull market will definitely create a new ATH.
Although the Bitcoin price is in a downward trend, the market is not getting a chance to go down further. Trump's trade policies may temporarily affect investors, in the long run, that effect will gradually weaken and the Bitcoin price will rise again. That is why I think the current price is a dip. It will probably not get a chance to go below 82k, and the market will quickly take a bullish shape. If another bullish trend starts, there is a high possibility that the Bitcoin price will reach 150k or more.
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For the past couple of days the market bleeds unstoppable, Bitcoin affected a lot even though Bybit hack has nothing to do with Bitcoin. So what's your analysis now, will it go down to 70-75K range?
I am not a fan of speculation just interested to hear the analysis made according to the situation.
The price of Bitcoin has really been going down for a period now, and that has really affected the crypto market at large. News and some favorable speculations can always turn things around in a short pace, but we are not really seeing any of this at the moment. This could still be regarded as the market facing correction as we know, after every ATH, we face a price correction.
Bitcoin has been rejected from the $77/$78 zones and has been holding above the price mark of $80 strongly, so long it does not break below $80, we could see better market turn around shortly, but if otherwise, then we might be holding down with a bear market for a while. No one can tell how long this will be, but we would just seat tight and enjoy the moment yet.
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For the past couple of days the market bleeds unstoppable, Bitcoin affected a lot even though Bybit hack has nothing to do with Bitcoin. So what's your analysis now, will it go down to 70-75K range?
I am not a fan of speculation just interested to hear the analysis made according to the situation.
The price of Bitcoin has really been going down for a period now, and that has really affected the crypto market at large. News and some favorable speculations can always turn things around in a short pace, but we are not really seeing any of this at the moment. This could still be regarded as the market facing correction as we know, after every ATH, we face a price correction.
Bitcoin has been rejected from the $77/$78 zones and has been holding above the price mark of $80 strongly, so long it does not break below $80, we could see better market turn around shortly, but if otherwise, then we might be holding down with a bear market for a while. No one can tell how long this will be, but we would just seat tight and enjoy the moment yet.
Actually, i think that your comment is also very prefer in this time. If we follow in cryptocurrency market, we can see that bitcoin price is remain $82k up in cryptocurrency market. But sometimes we can see that this price is doing slightly up and down in cryptocurrency market. I think that it is also a simple matter for crypto currency market.
I think that when would war will be finish then gradually crypto currency market return of best position. So i believe that if we wait for increase or if we want to invest in bitcoin, i think that it will be best decision for earn best profit from crypto currency market.
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A little bit of positive action today, we are up by around 3% and just crossed the $85k.
If the price defends this level for a day or two, we might go back to above $90k soon and hopefully start a new breakout. But, as of now, we're still in a sideway market.
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A little bit of positive action today, we are up by around 3% and just crossed the $85k.
If the price defends this level for a day or two, we might go back to above $90k soon and hopefully start a new breakout. But, as of now, we're still in a sideway market.
But today, Bitcoin dropped again below $80k. Bitcoin freelfall from $83k to $78k in a day. Because of too many dumps, I am not really sure that we can see $90k again very soon. I totally don't understand the current market trend. We already have red market since February, it means we already have 3 months of red market. It is very different from the previous bullrun season, in the past we must have big increase and some green market in Q1. Now, we only have around 9% increase in January, the rest we have red market. Just check the Bitcoin monthly return data!