What's the next step for BTC?

[MrSpasybo]

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.

I also think that the sideways movement and price drop of BTC in the past few months are normal and necessary for the growth in the coming months. Mt.Gox or the German government are just the reasons exploited by whales to manipulate investor psychology, making it easier to dump prices and accumulate more tokens at low prices.

For me, BTC and the crypto market are still moving in a positive direction and a bullrun will definitely come. I have no worries about the future of the crypto market in Q1 2025: no matter what happens in the last 6 months of 2024, we will still see ATH, see BTC break through $100K and approach the $150K-170K price zone.

[NikeFit_7777]

Peter Brandt allowed bitcoin to fall to $44,000. Peter Brandt, Texas analyst and head of Factor LLC, saw a bearish "double top" pattern on the bitcoin chart and in case of its realization assumed the asset's drawdown to $44,000.

The expert wondered whether bitcoin has completed the "double top" figure on the daily chart. According to his calculations, the upper level of the model is $72,000, the lower level is $43,970.

P.S. Will we go down anytime soon? What do you think about it? What are your thoughts?

Source link: https://x.com/PeterLBrandt/status/1809961868603048271

[famososMuertos]

Peter Brandt allowed bitcoin...//:::

The thing with these "Gurus" is that they are to the extent a route to look at, not necessarily where to go, but something interesting about that 'beak' that he calls the upper level, is what I always mention, we are at an interesting point with bitcoin, which is very successful from the point of view of its existence.

We always want to see bitcoin grow, but what if that 70k top becomes the new 10k, it is a very simple analysis, on the historical, sometimes the best reference, the 10k! we forget but in my case it is one of the bands that was most difficult to overcome... so, yes, there is a basis for that idea presented by the guru you mention.

But always, they will be speculations, and as I mentioned the route to follow is your decision, always.

[nakmantu99]

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.

I also think that the sideways movement and price drop of BTC in the past few months are normal and necessary for the growth in the coming months. Mt.Gox or the German government are just the reasons exploited by whales to manipulate investor psychology, making it easier to dump prices and accumulate more tokens at low prices.

For me, BTC and the crypto market are still moving in a positive direction and a bullrun will definitely come. I have no worries about the future of the crypto market in Q1 2025: no matter what happens in the last 6 months of 2024, we will still see ATH, see BTC break through $100K and approach the $150K-170K price zone.

Yes, it seems that MT Gox and the government dumped bitcoin, and whales also used it to buy more bitcoin before the bullish season, so we don't need to worry about the current market conditions because it seems that bitcoin is still in a good trend ahead of the bullish season. I also still have confidence that the price of bitcoin will reach $100K, although I am not targeting $150K

[Azharul]

Peter Brandt allowed bitcoin...//:::

The thing with these "Gurus" is that they are to the extent a route to look at, not necessarily where to go, but something interesting about that 'beak' that he calls the upper level, is what I always mention, we are at an interesting point with bitcoin, which is very successful from the point of view of its existence.

We always want to see bitcoin grow, but what if that 70k top becomes the new 10k, it is a very simple analysis, on the historical, sometimes the best reference, the 10k! we forget but in my case it is one of the bands that was most difficult to overcome... so, yes, there is a basis for that idea presented by the guru you mention.

But always, they will be speculations, and as I mentioned the route to follow is your decision, always.

we Know that bitcoin price is a little down now. But sometimes it will be happened in cryptocurrency market. But i don’t worried for this situation. Because we know that some days ago bitcoin price is up to $60k. But now it also down and it’s price $56k. So i think it also best opportunity for hold bitcoin in this situation. But we told that without bitcoin, many other coin price will be down now. So i believe that it’s the proper time for holding cryptocurrency. Because i  believe that within a short time bitcoin will come back.

[vegasus]

we Know that bitcoin price is a little down now. But sometimes it will be happened in cryptocurrency market. But i don’t worried for this situation. Because we know that some days ago bitcoin price is up to $60k. But now it also down and it’s price $56k. So i think it also best opportunity for hold bitcoin in this situation.

In the last 7 days, Bitcoin price has dropped by more than -6%, I think that's quite a significant amount. However, fortunately, it's still above $55k. And the lowest price occurred on September 4th. Because it's a new moon, right?

As happened on August 5th, Bitcoin price really dropped badly, which also affected altcoins, plummeting. However, hopefully it will crawl even higher in the second week of September. Hopefully so. Yes, there is no other way except holding more the Bitcoin, don't panic with this current situation and be patient.

[sagarmota10]

Bitcoin may be try to retest to previos law as per my view and then pump to 63k +70+85+...

Note : Tomorrow unemployment rate will give big move market any side before that btc may try to test below 54k or 53k.

[Mr. Magkaisa]

           -      If I look at the graph chart of Bitcoin's price, it looks like it will still have a retracement that will happen according to the average true range indicator. And if I look at it in the 1-week timeframe, the direction of Bitcoin's price value is still down trending when there is no change in the market.

This is just my assessment, but if suddenly there is good news, the trend may suddenly change to an uptrend, but for now it seems that the only bearish momentum I can see. So, tonight it might get dump more a little. 

[Hamza2424]

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?

The market is currently slapping us, even though this is an old post, and for sure I've commented on that before but according to the need as market is crashing and many people are in panic, many weak hands are already out but now even the experienced traders and investors are worried about the Bull cycle because its already 2nd week for September going to start after a few days and still we in pressure. It's a little bit confusing anyway I'm optimistic that the market is gonna turn back to the right direction anytime soon grab whatever you can.

[nakmantu99]

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?

The market is currently slapping us, even though this is an old post, and for sure I've commented on that before but according to the need as market is crashing and many people are in panic, many weak hands are already out but now even the experienced traders and investors are worried about the Bull cycle because its already 2nd week for September going to start after a few days and still we in pressure. It's a little bit confusing anyway I'm optimistic that the market is gonna turn back to the right direction anytime soon grab whatever you can.

take what you can get in a market like this, I agree with what you wrote because that's what I did, bought some potential coins and added to my wallet in preparation for next year's bullish season. The market seems to be struggling, but there are many factors that cause this, I still believe that November will be a beautiful month for the crypto market

[Jating]

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?

The market is currently slapping us, even though this is an old post, and for sure I've commented on that before but according to the need as market is crashing and many people are in panic, many weak hands are already out but now even the experienced traders and investors are worried about the Bull cycle because its already 2nd week for September going to start after a few days and still we in pressure. It's a little bit confusing anyway I'm optimistic that the market is gonna turn back to the right direction anytime soon grab whatever you can.

take what you can get in a market like this, I agree with what you wrote because that's what I did, bought some potential coins and added to my wallet in preparation for next year's bullish season. The market seems to be struggling, but there are many factors that cause this, I still believe that November will be a beautiful month for the crypto market

Why do you choose November though? for me it's because that the US will elect a new President and so it could be very bullish for us specially if the winner is going to be pro crypto as he promise.

But for now, let it sit for us, the market is really struggling and we can't do anything about it. But instead, why not take advantage of, prices are cheap, others treat it a discount and so we should as well. Thing is that some of us might not have the money right now and so we can't buy as much as we want. But there is DCA that can help us average joe holders and so we should accumulate.

[doc]

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?

The market is currently slapping us, even though this is an old post, and for sure I've commented on that before but according to the need as market is crashing and many people are in panic, many weak hands are already out but now even the experienced traders and investors are worried about the Bull cycle because its already 2nd week for September going to start after a few days and still we in pressure. It's a little bit confusing anyway I'm optimistic that the market is gonna turn back to the right direction anytime soon grab whatever you can.

take what you can get in a market like this, I agree with what you wrote because that's what I did, bought some potential coins and added to my wallet in preparation for next year's bullish season. The market seems to be struggling, but there are many factors that cause this, I still believe that November will be a beautiful month for the crypto market

Why do you choose November though? for me it's because that the US will elect a new President and so it could be very bullish for us specially if the winner is going to be pro crypto as he promise.

But for now, let it sit for us, the market is really struggling and we can't do anything about it. But instead, why not take advantage of, prices are cheap, others treat it a discount and so we should as well. Thing is that some of us might not have the money right now and so we can't buy as much as we want. But there is DCA that can help us average joe holders and so we should accumulate.

In market conditions like this, I agree with you that it is better to take advantage of the market struggling to rise again, we buy coins that we think are good and will bring profit with the DCA method. We are waiting for the results of the US presidential election in November to see what changes will occur in the crypto market.

[Asiska02]

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?

The market is currently slapping us, even though this is an old post, and for sure I've commented on that before but according to the need as market is crashing and many people are in panic, many weak hands are already out but now even the experienced traders and investors are worried about the Bull cycle because its already 2nd week for September going to start after a few days and still we in pressure. It's a little bit confusing anyway I'm optimistic that the market is gonna turn back to the right direction anytime soon grab whatever you can.

The market on the reversal mode has been going on for a while. No one can tell when it’ll stop and start moving on the right direction that it’s expected after the halving occurred. Many people will be waiting to buy when the price will be at his lowest (when it dips to the bare minimum before the bull begins), it’ll be very hard to predict thiugh. So it’s better to start DCA when you can to be able to grab as many as you can, when the bull hits the market with the many corrections it has been experiencing, I don’t think it’s going to wait for anyone at that time.

[rby]

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?

Expectations of Bitcoiners started building up before the latest halving that happened in the first quarter of the year but Bitcoin experts and big investors had already predicted that it'll take 12-18 months before the impact of halving will influence the Bitcoin price and that I think is what's currently happening. It's still less than 6 months since the latest halving occurred which means that we probably still have up to another 6 months before the impact will fully affect the market.
Going by the prediction of experts, we might experience more downtrend in price from the current price but since we are in the forum to learn and possess all the necessary information, it's advisable that we stay calm at this moment of downtrend while we await for when the halving impact will hit the market for a reversal to uptrend.

[SamReomo]

In market conditions like this, I agree with you that it is better to take advantage of the market struggling to rise again, we buy coins that we think are good and will bring profit with the DCA method. We are waiting for the results of the US presidential election in November to see what changes will occur in the crypto market.

DCA method has been quite helpful for me as well in recent market conditions, the market has allowed me to accumulate some of the coins at cheap values and with DCA and averaging I got better positions at are still in green pnl.

I believe the US presidential election in November will have good impact on the crypto market only if Donald Trump wins the Election. However, if Kamala Harris somehow wins the elections then I"m pretty sure that can bring negative impact on the market.