What's the next step for BTC?

[Smcchamp]

Hi forum mates. Good morning..BTC hasn't really performed to expectations since halving and right now we've been experience downtrend for a while. For experts here. When can be experience a reversal to the uptrend. And what do you think is the cause of this negative price action we've been seeing since June Started?

[Z-tight]

Hi forum mates. Good morning..BTC hasn't really performed to expectations since halving and right now we've been experience downtrend for a while. For experts here. When can be experience a reversal to the uptrend. And what do you think is the cause of this negative price action we've been seeing since June Started?

You are looking at how the price has moved in ~ 1-2 months, if you zoom out and look at its movement for over a year, i don't think you'll say it isn't performing well. Another thing to ask is when did you buy? Did you buy when the price is rising and right now is the price down from the time you bought your own coins?

[armanda90]

Usually after halving bitcoin has downtrend moment and likely not really huge of decreasing for bitcoin price since before halving success break out to the higher price.
I think right now is moment for us keep purchasing how many possibilities before break out moment taken at the end of year or few months later after longer time bitcoin keep stable on lower price. I have limitation of capital after some my altcoin assets price decreasing and will buy many bitcoin if get profitable later regarding bitcoin has lower price right now.

[Ricardo11]

Bitcoin is currently priced at 61K, which is about 12K below its all-time high. At the moment, we can see the value of Bitcoin as very low. Because according to our expectations, currently the price of Bitcoin is very low. Bitcoin will definitely increase in the future, but before that, the value of Bitcoin may decrease further, or increase rather than decrease. We can't say it with any certainty. We can look at the good possibility to buy Bitcoin right now, because according to the current price, when the real bull market of Bitcoin starts, it will cross about 120K.

So we can start buying now, we should buy now, and then buy more if the price of Bitcoin goes down further, because the lower we can buy when we buy, the more profit we will make after the price increases. So Bitcoin price dumping should be seen as a buying opportunity. In this we will be able to benefit more better money.

[JISAN]

Usually after halving bitcoin has downtrend moment and likely not really huge of decreasing for bitcoin price since before halving success break out to the higher price.
I think right now is moment for us keep purchasing how many possibilities before break out moment taken at the end of year or few months later after longer time bitcoin keep stable on lower price. I have limitation of capital after some my altcoin assets price decreasing and will buy many bitcoin if get profitable later regarding bitcoin has lower price right now.

Bitcoin price dropped to $58k yesterday which is a negative signal for Bitcoin. And although the price of Bitcoin quickly rose above $61k again, it now appears that Bitcoin is going down again. so I'm a bit scared about the price of Bitcoin right now.  And I think Bitcoin could be down again. It could even happen that it goes below $50k. Because of this I am afraid to invest in Bitcoin at present and am waiting for some more Dip. I follow DCA though. However, I am afraid of the market condition

[Wiwo]

The present bitcoin price is stillway above the last year all time high price so for that it is very important to balance our understanding and expectation for the market,  bitcoin halving doesn't promised to bring in anything and just a a block sieze reward reduction for bitcoin miner's.

We shouldn't expect anything to suddenly happen in the market just because of halving,  I think there is need for more institutional buying of bitcoin in order to push the price up.

[ZAINmalik75]

Hi forum mates. Good morning..BTC hasn't really performed to expectations since halving and right now we've been experience downtrend for a while. For experts here. When can be experience a reversal to the uptrend. And what do you think is the cause of this negative price action we've been seeing since June Started?

Not an expert but most of people already know what has caused this downtrend. You must have heard about the MT Gox exchange, it was a marketplace for anonymous shopping back in 2014 it got hacked and people who stored there funds on it lost it to the hacker and now the same exchange is refunding every victim. The payment is around 141686 BTC.

They will distribute the payment in BCH and in BTC form, this news has created a panic situation among the BTC holders that's why they must be selling there holdings either to take full exit or to take half exit and then enter again. But all this downtrend was expected already as MT Gox has shared the news in 2023 that they will start distribution in 2024.

[Captain Corporate]

I think it is clear that we are going to end up with adoption that makes it quite obvious where we just use crypto for payments. I do not think that it will be anything else, we should just do that. I get that we are going to end up something nice, where I just go to a restaurant, eat food, pay with my bitcoin and leave. That is the next step and nothing else really looks like our future to me. There could be more financial company stuff like ETF as well, there isn't really anything that would be all that terrible, that could happen and it wouldn't be bad but I think it should be something related to payments first.

[bayu7adi]

After experiencing bearishness, and potentially the next retest, Bitcoin still has the possibility of another bearish streak, so this seems like a price movement that many people don't want... even though there is still a chance for bullishness, I think some people have started to fall because they have a bad hand this isn't strong enough.

For those who are still holding, please prepare yourself for the next bearish... and buy some BTC when it is cheap, if there is no balance, buyback can be done while it is not below $59k.

I will still hold until at least early 2025

[sampoerna]

Hi forum mates. Good morning..BTC hasn't really performed to expectations since halving and right now we've been experience downtrend for a while. For experts here. When can be experience a reversal to the uptrend. And what do you think is the cause of this negative price action we've been seeing since June Started?

What do we really hope for after the halving happens? Do we hope that the bullish era will occur as soon as possible after the halving? No, even in previous seasons, it also took several months. Because indeed, there are several processes in the market that must be gone through. The graph shows that actually, the Bitcoin market is currently still quite good. The existence of ups and downs is indeed very common in the crypto market, especially regarding Bitcoin's volatility.

Look at how the market drops significantly in a few days and then rises again a few days later. So, don't worry too much, we still have the chance to wait for the real Bitcoin bullish season. Based on the cycle, if it does happen again, 2025 should be a real bullish era. So, just enjoy the prize this time. DCA is the best one to take advantage of the opportunities available at market this time. Or if you want to start increasing your accumulated investment in Bitcoin, wouldn't it be a good idea to do it when the market is dropping, right?

[TomPluz]

We can look at the good possibility to buy Bitcoin right now, because according to the current price, when the real bull market of Bitcoin starts, it will cross about 120K. So we can start buying now, we should buy now, and then buy more if the price of Bitcoin goes down further, because the lower we can buy when we buy, the more profit we will make after the price increases.

Yes, of course, as they say when there is a dip as deep as this one right now before our eyes there can be good opportunities to buy. Well, the only stopping people from buying more is the idea that Bitcoin can dip more so it is good to watch and then decide when can be the right time to make the move. While the market can a little bit gloomy, people who are looking for the dip would soon be buying more Bitcoin to add to their expanding portfolio. There is no question that soon Bitcoin will be reaching the $100K to $150K zone and this is just a matter of time...and that requires some HODLING patience on our part. At the end of the day, only those who stay will get the best benefits that Bitcoin is offering to the market.  Am then hoping that you have already moved your millions to buy more Bitcoin so that the price can be back at $65K as soon as possible. Or you can sell your house to get more Bitcoin and live like a nomad just like The Bitcoin Family.

[Kemarit]

After experiencing bearishness, and potentially the next retest, Bitcoin still has the possibility of another bearish streak, so this seems like a price movement that many people don't want... even though there is still a chance for bullishness, I think some people have started to fall because they have a bad hand this isn't strong enough.

It's just temporary bearish trend though, yeah, it has retested $60,000 already and it seems that it is holding and we are not going to break into $59,000.

For those who are still holding, please prepare yourself for the next bearish... and buy some BTC when it is cheap, if there is no balance, buyback can be done while it is not below $59k.

That is a best advise, this is just temporary though, we should look at the bigger picture and if we have the capital then we can still buy Bitcoin today as it is cheap and at a discount.

I will still hold until at least early 2025

Most of us will have that mindset, or at least those who have been in this game for so long because we all know what is the upside of continue to accumulate and be a long term holder and wait till the last quarter of the year as that will be our peak price.

[LogitechMouse]

Hi forum mates. Good morning..BTC hasn't really performed to expectations since halving and right now we've been experience downtrend for a while. For experts here. When can be experience a reversal to the uptrend. And what do you think is the cause of this negative price action we've been seeing since June Started?

I'm not an expert, but I'll just share my insights on this one.
Hasn't really performing to expectations? Who are expecting for the best? Are you one of them? I guess your expectations is just too high for you to make a kind of a negative thread like this, eh? I'm expecting the bull run to start anytime this year, but my expectations are low.

Cause of negative price action? I can't think of anything aside from the supply and demand only. I mean there's no news out there that might affect the crypto negatively. Right now, what we are seeing right now is pretty much normal, and just be patient. Everything will be ok.

[Husires]

Hi forum mates. Good morning..BTC hasn't really performed to expectations since halving and right now we've been experience downtrend for a while. For experts here. When can be experience a reversal to the uptrend. And what do you think is the cause of this negative price action we've been seeing since June Started?

I'm not an expert, but I'll just share my insights on this one.
Hasn't really performing to expectations? Who are expecting for the best? Are you one of them? I guess your expectations is just too high for you to make a kind of a negative thread like this, eh? I'm expecting the bull run to start anytime this year, but my expectations are low.

I do not think that this is true, as Bitcoin and Ethereum options will expire during the next few hours, and therefore more pressure will be on the price during the coming hours. If the $59,000 price is broken, and as the month closes near, we are expected to witness a correction, and if the price continues to hold on to the 60,000 price, we will likely see $63,200 by Sunday.

[Crypto Library]

Hi forum mates. Good morning..BTC hasn't really performed to expectations since halving and right now we've been experience downtrend for a while. For experts here. When can be experience a reversal to the uptrend. And what do you think is the cause of this negative price action we've been seeing since June Started?

No one can say about the next step of Bitcoin. It is fully depend on the market situation like you already mention that the negative price of market. For this negative market there can be multiple reason it can be market correction or it can be for whale movement. Like a few times ago I just know that USA government move they are 3940bitcoin to a centralised exchanger coinbase. Have you imagine the worth of it ? It's more than 241millions. And since Coinbase is a centralized exchange, bringing in bitcoins means thinking about cashing them. This can also be a reason for this negative market price. Moreover, the price of Bitcoin was pumping a few days ago and is currently being corrected.