What's the next step for BTC?

[Rubel007]

Since Bitcoin touched ATH this year, it has failed several times trying to touch a new ATH. We have seen Bitcoin price above $60K for several months. This year since the halving of Bitcoin, investors have been waiting for the idea that the price will increase, but Bitcoin has not been able to go to that bullish moment. Because of which market fall again to save energy. But this is definitely a good side especially for Bull run in the transition because the deeper the market goes, the stronger Bull run  will be able to start. Market conditions look like it may continue this decline for some time. Especially in this month of July it will indicate decline and from next month we will be able to see bullish movement of the market.

[kulkhan]

Since Bitcoin touched ATH this year, it has failed several times trying to touch a new ATH. We have seen Bitcoin price above $60K for several months. This year since the halving of Bitcoin, investors have been waiting for the idea that the price will increase, but Bitcoin has not been able to go to that bullish moment. Because of which market fall again to save energy. But this is definitely a good side especially for Bull run in the transition because the deeper the market goes, the stronger Bull run  will be able to start. Market conditions look like it may continue this decline for some time. Especially in this month of July it will indicate decline and from next month we will be able to see bullish movement of the market.

Yes we all know that in this year bitcoin price touched new ATH. Bitcoin crossed $70k for first time. I think this hype was for pre halving. Before Bitcoin halving people thought After halving bitcoin price will more increase. So then market wes positive. But we saw after Bitcoin halving Bitcoin's price unaspactedly decreasing.

But i think Bitcoins halving effect will creat slowly. And that will continue for long time. I think now bitcoin correction period running after this correction Bitcoin price will increase. And my prediction within 2025 Bitcoin price will hit minimum $150k.

[taufik123]

Yes we all know that in this year bitcoin price touched new ATH. Bitcoin crossed $70k for first time. I think this hype was for pre halving. Before Bitcoin halving people thought After halving bitcoin price will more increase. So then market wes positive. But we saw after Bitcoin halving Bitcoin's price unaspactedly decreasing.

The trend of last year and the current year will certainly not be the same, after last year when the halving had occurred, the price of Bitcoin increased drastically, but this time the price of bitcoin has dropped quite drastically.

I'm just waiting for Bitcoin to hit an ATH of $100k and before that happens just need to collect more Bitcoin.

[TomPluz]

The trend of last year and the current year will certainly not be the same, after last year when the halving had occurred, the price of Bitcoin increased drastically, but this time the price of bitcoin has dropped quite drastically. I'm just waiting for Bitcoin to hit an ATH of $100k and before that happens just need to collect more Bitcoin.

Right now, BTC price is affected heavily on developments of the MtGox case and the decision of Germany to let go of its Bitcoin stash worth billions of dollars. And with MtGox doing the drama on the scene since it has not fully returned what should be returned yet...it seems to me that the market is now on a suspended mode. But believer in Bitcoin know that this is just temporary phase and eventually Bitcoin will be moving towards creating a new, fresh ATH and moving to the BIG goal of beating the $100K mark. The current setback will soon be a history for Bitcoin and MtGox will finally be laid to rest when all claimants will get what they should have. Let's just continue on HODLING and never be affected by the usual FUDS circulating in the market.

[bayu7adi]

Since Bitcoin touched ATH this year, it has failed several times trying to touch a new ATH. We have seen Bitcoin price above $60K for several months. This year since the halving of Bitcoin, investors have been waiting for the idea that the price will increase, but Bitcoin has not been able to go to that bullish moment. Because of which market fall again to save energy. But this is definitely a good side especially for Bull run in the transition because the deeper the market goes, the stronger Bull run  will be able to start. Market conditions look like it may continue this decline for some time. Especially in this month of July it will indicate decline and from next month we will be able to see bullish movement of the market.

It's nothing, we just wait for the money claimants on MT Gox to sell their Bitcoin in a few weeks, after that we are ready to skyrocket again... in this case, smart investors always have a basis for buying at low prices, then selling at high prices .. that's why this moment happened...

In the short and medium term, it is true that it still indicates bearishness, but in the long term, continuing to own Bitcoin is a very promising thing.

[pieppiep]

Since Bitcoin touched ATH this year, it has failed several times trying to touch a new ATH. We have seen Bitcoin price above $60K for several months. This year since the halving of Bitcoin, investors have been waiting for the idea that the price will increase, but Bitcoin has not been able to go to that bullish moment. Because of which market fall again to save energy. But this is definitely a good side especially for Bull run in the transition because the deeper the market goes, the stronger Bull run  will be able to start. Market conditions look like it may continue this decline for some time. Especially in this month of July it will indicate decline and from next month we will be able to see bullish movement of the market.

It's nothing, we just wait for the money claimants on MT Gox to sell their Bitcoin in a few weeks, after that we are ready to skyrocket again... in this case, smart investors always have a basis for buying at low prices, then selling at high prices .. that's why this moment happened...

In the short and medium term, it is true that it still indicates bearishness, but in the long term, continuing to own Bitcoin is a very promising thing.

So far, if you want to buy Bitcoin, using the DCA method is still quite safe. Instead of having to buy a very large amount of Bitcoin in one tap instantly, it is better to buy Bitcoin using the DCA method. The hope of Bitcoin traders is that the price will increase again, but from experience the price of Bitcoin will only continue to rise when there is good news that allows whales to buy Bitcoin at this expensive price.

[NikeFit_7777]

Kaiko: the listing of spot bitcoin-ETFs in the US led to record low trading activity in the crypto market over the weekend. Analysts also confirmed previous data (https://t.me/forklog/37569) about the dependence of the first cryptocurrency on the U.S. stock market hours. This is especially noticeable during the closing hours of the session.

Kaiko also stated that the liquidity of the bitcoin market has improved, which has simplified the work of market makers.

[Bobcrypto]

Looking at history of Btc market, you may agree with me that after the past Bitcoin halving, bitcoin has not performed better but rather, Btc experiences some good price momentum few weeks before the halving.Bitcoin has proven  very difficult to predict accurately, and this year Bitcoin Halving did not show any different from the past years Halving.
In addition, as the year progresses, I think we may experience some good move or even hitting another ATH before the end of 2024.

[NikeFit_7777]

Andrew Kang of Mechanism Capital does not rule out a deeper bitcoin correction, citing the dynamics of 2021, when a quick correction was followed by an equally quick rise to a new high. He noted the $40,000 level as a benchmark and emphasized that the bull market of this cycle has yet to see "extreme collapses."

Capriole fund head Charles Edwards illustrated why the market is not rising:

Saylor, Michael Dell, ETFs. It's all noise. If you look at data from the most important categories of bitcoin investors, you'll see net flows equivalent to $24 billion thrown into the market in 2024.

[Hamza2424]

The trend of last year and the current year will certainly not be the same, after last year when the halving had occurred, the price of Bitcoin increased drastically, but this time the price of bitcoin has dropped quite drastically.

I'm just waiting for Bitcoin to hit an ATH of $100k and before that happens just need to collect more Bitcoin.

TBH that's a matter of time there's nothing wrong, and we should not compare the current cycle with the previous one, because halving happens in every cycle but you should remember the institutional capital flow due to the ETF never happened before, and if they made some investment profit booking is their right.

TBH in the long term, this correction was needed one, I'm happy that some of the people who were late got a good entry point from the recent dump. TBH all we need is just a little patience.

[Z-tight]

TBH in the long term, this correction was needed one, I'm happy that some of the people who were late got a good entry point from the recent dump. TBH all we need is just a little patience.

Only people who understand the network very well will think of a correction in this way, it is always an opportunity to buy, but some others see it as a time to complain, panic and even sell at a loss. If BTC price drops, i always try to buy more, because the dump is surely temporary, and once the event causing the dump ceases, it will pump again, so there is never any need to panic.

[EluguHcman]

Experiencing downstream has not been a cause of the halving as I sense your expectations was an immediate surge of Bitcoin increase to the bull-run.

However, the course that determines the streams of Bitcoin is investors markets influences such as demands and supplies. Speculations also do have a stem to drive Bitcoin the market.

[SmartGold01]

Experiencing downstream has not been a cause of the halving as I sense your expectations was an immediate surge of Bitcoin increase to the bull-run.

However, the course that determines the streams of Bitcoin is investors markets influences such as demands and supplies. Speculations also do have a stem to drive Bitcoin the market.

Yes you are right but sometimes we need to also consider the two seasons that occurs independently, like we have the bull and bear season sometimes it's a natural thing stigma that has been deposited in people's hearts that it must always occurs as its without falling. By this whom ever that already hard this in their minds will always knows that market is not always bullish at all times.

[Roseline492]

So far, if you want to buy Bitcoin, using the DCA method is still quite safe. Instead of having to buy a very large amount of Bitcoin in one tap instantly, it is better to buy Bitcoin using the DCA method. The hope of Bitcoin traders is that the price will increase again, but from experience the price of Bitcoin will only continue to rise when there is good news that allows whales to buy Bitcoin at this expensive price.

Sometimes buying a large amount of Bitcoin is good because in as much as we have DCA strategy we also have Lump Sum method, this method is actually very good for people who have money because it has to do with buying at dip and it could be utilized even when you are currently doing your DCA accumulation, so how it works is that you will set a particular amount and when the Bitcoin price dip you invest all the money while your normal DCA is still active.

The reason why Lump sum method is not commonly used by investors is because it has to do with investing huge money at once and most people are not rich enough to invest that way but whichever DCA strategy remains one of the best strategy because of the method use while accumulating Bitcoin, however that's the method also use on weekly basis.

[snowpega]

Sometimes buying a large amount of Bitcoin is good because in as much as we have DCA strategy we also have Lump Sum method, this method is actually very good for people who have money because it has to do with buying at dip and it could be utilized even when you are currently doing your DCA accumulation, so how it works is that you will set a particular amount and when the Bitcoin price dip you invest all the money while your normal DCA is still active.

The reason why Lump sum method is not commonly used by investors is because it has to do with investing huge money at once and most people are not rich enough to invest that way but whichever DCA strategy remains one of the best strategy because of the method use while accumulating Bitcoin, however that's the method also use on weekly basis.

I had a brief discussion about this topic on BitcoinTalk a long time ago. There I have created a thread with the title of "Lump sum Vs DCA" for Bitcoin Accumulation" I came to know different things from different points of view. Now, I don't know if I am allowed to share any link here of BitcoinTalk or not That is why I mentioned the thread title and you can find it on BTT if you want to.

You replied well and explained it as much as you can but if I make a long story short then it will go like this, lump sum strategy is best for one who has a lot of money and who doesn't need to track market price time after time while on the other hand, DCA suites well to those persons who have limited amount and want to accumulate their bitcoin in dumps and pumps so that they can have good average at the end of the day. Many Thanks!