2 weeks to the end of August what do you think

[rdluffy]

The bear season did happen last year, my friend, but after that the price of Bitcoin went up and was able to print a new ATH price, making many altcoins experience price increases too. Now it should have started entering the bear season again. The bullish season will likely happen in the next 4 years dude..

That's pretty pessimistic, another four years? 
I don't think so, if we think about the halving cycles, the beginning of 2025 has everything it takes to be a great year for BTC
And then there's the end of this year, which could also be very good

I think it's difficult to enter the bear market so soon and have to wait 4 years again for the next one hehehe

[SmartGold01]

This is what we calls impatient because they invested and thinking that the price would start soaring immediately investment without knowing that the price doesn't work that way. Yes it's true that price increase but it must be that when bitcoin enters bull run then what we would be experiencing is all Green maybe after that season then comes bear run where most people would plan to start accumulating again to get ready for the next bull run again. Usually investment is good at the bear season to keep oneself prepared for the bull run.

The bear season already happened last year, dude. We should have collected a lot of coins at that time because the price was still cheap, now we can only buy when there is a market correction, adding to the coin collection to face the bullish season next year.

The bear season did happen last year, my friend, but after that the price of Bitcoin went up and was able to print a new ATH price, making many altcoins experience price increases too. Now it should have started entering the bear season again. The bullish season will likely happen in the next 4 years dude..

We only experienced halving and the bull market has not yet started, usually after halving the next year is potential bull run which we are yet to be experienced from next year and possibly that could be around mid next year or nearly ends of the year as I can sense it. Then after that we  would see another instability in that market nearly getting to 2026 then there would be another dip after bitcoin might have created new ATH next because I believe that 73k wouldn't be the highest it should go after the halving so I believe it will create additional new price level.

[JISAN]

Bitcoin fell below $49000 this month. But I can not say it is the worst month because the price increased back. You can see bitcoin above $58000 now. It got to this price in 3 previous months. Bitcoin got to $59200 after all-time high a month and 2 months after all-time high.

The price of Bitcoin did not fall much on Amazon. today is the last day of the month but the price of Bitcoin is at $59k today.  Although there was a lot of fear of Bitcoin dumping according to the market situation, but Bitcoin is slowly recovering again. If Bitcoin fails to make a new ATH or a stub in the next month, a major dumping of Bitcoin could be seen. And with Bitcoin, the whole crypto market will be dumping a lot and at that time a big investment opportunity will come.

I do not know what bitcoin would be. But I do not think it can get below $50000 easily. In the next 2 to 3 months, I guess bitcoin price would have increased above $60000 again.

Going below $50k isn't easy but it's not impossible as we've seen quite a few major Bitcoin crashes in the past.  So we cannot guarantee that the price of Bitcoin will not fall below $50k

[pieppiep]

The bear season did happen last year, my friend, but after that the price of Bitcoin went up and was able to print a new ATH price, making many altcoins experience price increases too. Now it should have started entering the bear season again. The bullish season will likely happen in the next 4 years dude..

That's pretty pessimistic, another four years? 
I don't think so, if we think about the halving cycles, the beginning of 2025 has everything it takes to be a great year for BTC
And then there's the end of this year, which could also be very good

I think it's difficult to enter the bear market so soon and have to wait 4 years again for the next one hehehe

It is a long time even in the sense that it could be up to 4 years. However, that is just the pattern of Bitcoin price movement in recent years, it has always been documented to have a 4-year cyclical price ascent. By the end of this year, there are no assurances that the price will go up or worse a bearish season could happen.

[rizqillah]

We only experienced halving and the bull market has not yet started, usually after halving the next year is potential bull run which we are yet to be experienced from next year and possibly that could be around mid next year or nearly ends of the year as I can sense it. Then after that we  would see another instability in that market nearly getting to 2026 then there would be another dip after bitcoin might have created new ATH next because I believe that 73k wouldn't be the highest it should go after the halving so I believe it will create additional new price level.

I also believe $73k is the highest open because it happened before bitcoin halving, we will see the ATH top a year after bitcoin halving so we better keep calm and wait because the bull run starts, probably the bull run will start early 2025.

[bayu7adi]

It is a long time even in the sense that it could be up to 4 years. However, that is just the pattern of Bitcoin price movement in recent years, it has always been documented to have a 4-year cyclical price ascent. By the end of this year, there are no assurances that the price will go up or worse a bearish season could happen.

yap, no one can guarantee anything about BTC price movements.. even when you say that the end of the year will be bearish, you certainly can't guarantee it, right??? Moreover, the bullish moment of Bitcoin does not immediately occur when or a few days after the Bitcoin halving day occurs... it takes time too, my friend.

Maybe the opinion you expressed is enough to lower our expectations, that's not bad either... however, never be pessimistic. Because in truth, none of us know the future..

[MrSpasybo]

yap, no one can guarantee anything about BTC price movements.. even when you say that the end of the year will be bearish, you certainly can't guarantee it, right??? Moreover, the bullish moment of Bitcoin does not immediately occur when or a few days after the Bitcoin halving day occurs... it takes time too, my friend.

Maybe the opinion you expressed is enough to lower our expectations, that's not bad either... however, never be pessimistic. Because in truth, none of us know the future..

Yeah, there were no surprises for investors in August. BTC price continued to trade sideways around $60K, causing many investors to lose patience, even worry and sell off many ALTS fearing a black swan event would come right after the FED cut interest rates. Accumulation has been happening after the halving as you said, and events related to the FED and US elections could be the conditions to change the trend of BTC price and the entire market.

However, this accumulation period is also an opportunity for diamond-hands investors to buy more BTC and top coins if they missed the opportunity at the end of 2023. Let's wait together for positive changes from BTC and the crypto market in September and Q4. History shows that Q4 is usually a good time for the crypto market.

[Fivestar4everMVP]

There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?

You can join the discussion.

What kind of positive news can you possibly be expecting that could move price of bitcoin up at this moment? I personally feel that bitcoin have grown past the level where it's price could easily react to some random positive news, it is completely easier for the price of bitcoin to react to negative news than it reacts to positive news.

And like I did mentioned before, or tried to point out, at this current stage, the market, bitcoin specially, need more than a positive news for its price to grow from this very stage it currently is, or maybe we can just allow things to flow naturally, allow people's sentiments drive the price up when the time is due.

[Zed0X]

Now that the ghost month is over, it's probably time to look forward to what the ber months brings to BTC and the rest of the crypto market. What catalyst/s do you think will suddenly cause price changes?

Perhaps time to lock this and open a new thread covering the above months?

[Fivestar4everMVP]

Now that the ghost month is over, it's probably time to look forward to what the ber months brings to BTC and the rest of the crypto market. What catalyst/s do you think will suddenly cause price changes?

Perhaps time to lock this and open a new thread covering the above months?

First let me say that I do not see any reason for a new thread, we can just continue the discussion here.

And going further, I personally do not or can not see any thing currently that could act as a catalyst to bring, or that is capable of taking the price of bitcoin up, and as well as the rest of the market, and I even fear that bitcoin, as well as the entire crypto market may continue in its side ways movements even all through this september, I am expecting a major move up by the end of October, which might as well be the beginning of the bull run we all are anticipating, waiting and looking forward to, but to be honest, I don't see how this is going to happen, I have no material to base my assumption on, I just have the feeling, and feeling lies at times, so this is not a financial advice.

[Azharul]

There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?

You can join the discussion.

I believe that you will create an excellent topic in that's time. We also saw that August month couldn’t very prefer month for us. We also saw that bitcoin price couldn’t saw it’s price for high level. So i think that it was not very good moment for us. I also think that if gradually bitcoin price will increase quickly, it will be more opportunity for me. So i also believe that within a short time bitcoin price will be increasing gradually.

[SmartGold01]

There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date, although we can't predict and speak on what September could give birth to in terms of Bitcoin price but I believe we may not witness any significant price increase in this remaining 15 days.
But however, if there are positive news then there is every possible measures that Bitcoin could go above it's current price level. I want to know is there possibility to soar above this current price?

You can join the discussion.

What kind of positive news can you possibly be expecting that could move price of bitcoin up at this moment? I personally feel that bitcoin have grown past the level where it's price could easily react to some random positive news, it is completely easier for the price of bitcoin to react to negative news than it reacts to positive news.

And like I did mentioned before, or tried to point out, at this current stage, the market, bitcoin specially, need more than a positive news for its price to grow from this very stage it currently is, or maybe we can just allow things to flow naturally, allow people's sentiments drive the price up when the time is due.

You are right market easily reacts to negative news unlike how the influences the price action of the market and again, August already past and there is nothing to think would happen if not for this new month September. I am not also too certain that something could reacts to the market but as the price is currently I can't really give exact future of the price and of course we know is currently down but that doesn't mean the market would remain for long time maybe in this remaining few months something positive could likely happened.

[bayu7adi]

Sorry, August 2024 is over, Bitcoin price on August 31, 2024 is $59,152
Bitcoin price when this topic was created was $58k... so it's clear that it's increased by 1.7% since this topic was created.

Then, doesn't this mean that the discussion of this topic is over and the topic can be locked? This is to avoid off-topic discussions that could lead to spam...

For new discussions, friends can create another topic with almost the same title, but the September version. 

[Zed0X]

~
Then, doesn't this mean that the discussion of this topic is over and the topic can be locked? This is to avoid off-topic discussions that could lead to spam...

For new discussions, friends can create another topic with almost the same title, but the September version. 

Yeah, same thing I asked above but some members seems to not notice that the thread has already served its purpose. If there's no plan for a new topic, at least change the title to not confuse new readers.

[vegasus]

Sorry, August 2024 is over, Bitcoin price on August 31, 2024 is $59,152
Bitcoin price when this topic was created was $58k... so it's clear that it's increased by 1.7% since this topic was created.

This is the beginning of September, in the first week of September, the crypto market still looks really bad. Crypto prices are still crashing, look at how the market is going red every day. BTC prices have dropped more than -4% in a week. One of the worst is Solana which has dropped even more than -13% this week. This is a very bad crash not only for Bitcoin but especially altcoins.

However, I still really believe in this September, that there will be a shift in the market season which is much better. I hope that in the second week everything will really change and the price will increase even more.

Because, usually the time approaching Q4 will start to increase, right? If so, there will be a preparation this month. Unless this month is actually made to really drop in preparation for the increase next month.