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Ziskinberg

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Quote from: aylabadia05 on May 08, 2022, 06:11:45 AM

But I'm sure that Bitcoin will increase to $40k in the next few months even though it's currently $34.8k.

I wouldn't be surprise if it will rise to $40k again, but at the same time, I'm also not surprised if bitcoin will drop below $30k.
if we are talking of a bear market, anything could happen, bitcoin could dump even below $20k if it gets worse, but one thing is certain, bitcoin always bounces back and as the bull run will come, we can expect that a new ATH will be achieved again.

It may take time just like what happen in the past, so as they always say, patience is the key.

aylabadia05

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Quote from: Symmetrick on April 22, 2022, 11:16:32 AM

Bitcoin continues to show bearish sentiment. Today, an uptrend was broken, which lasted for 3 months:

Obviously, when this trend support is broken, the price will rush to the 35,000 zone, and maybe even lower. Fundamentally, there are no strengths now that would favor the growth of bitcoin.

Bitcoin has not even been able to recoup half of its fall, which began in November last year. We couldn't hit the 50,000 mark, never reaching that peak this year.

What awaits bitcoin in the medium term, at least in the next 3 months?

Bitcoin always gives unexpected surprises even though the current condition of Bitcoin has no strength that can support its growth but I believe Bitcoin will be able to increase from the current price.

Since the beginning of the year, many thought that Bitcoin would reach a new ATH this year, but in fact Bitcoin up to this month has not been able to cover its decline as you say. But I'm sure that Bitcoin will increase to $40k in the next few months even though it's currently $34.8k.

fortuner

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Quote from: kotajikikox on May 07, 2022, 08:37:37 PM

Quote from: Semar Mesem on May 07, 2022, 01:30:23 AM

It's been a really tough few days for us, the price continues to decline and now it's around $35k, if the price drops below $35k then I'm sure the opportunity to continue to fall will occur again, many panicked because they saw the fact the price was not in line with expectations, and we better have to be patient than someday will regret.

It has been seen above that 35k is still the strong hold , but of course we cannot predict what will happens next as we are still in Holding position when the market is showing weakness .
there are many investors that waits that sign to decide and if the price drops below 35k then surely they will full out their funds and the dumping continues .
But I still wanted to believe that there is something good cooking and will bring is good return.

Yes of course they are not going to waste this great opportunity to collect their bitcoins right now.
And now the signs that you said have been seen, slowly bitcoin may go towards the price of $ 30 thousand because today bitcoin has fallen a few percent more than yesterday's price.

kotajikikox

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Quote from: Semar Mesem on May 07, 2022, 01:30:23 AM

It's been a really tough few days for us, the price continues to decline and now it's around $35k, if the price drops below $35k then I'm sure the opportunity to continue to fall will occur again, many panicked because they saw the fact the price was not in line with expectations, and we better have to be patient than someday will regret.

It has been seen above that 35k is still the strong hold , but of course we cannot predict what will happens next as we are still in Holding position when the market is showing weakness .
there are many investors that waits that sign to decide and if the price drops below 35k then surely they will full out their funds and the dumping continues .
But I still wanted to believe that there is something good cooking and will bring is good return.

7788bitcoin

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Quote from: ?? on ??

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Whale sales with wallet balances over 1,000 bitcoins have recently been recorded. More than 70,000 bitcoins have been sold. The slowing trend will continue, fundamentally now bitcoin, like many assets, is weak. Even gold is falling in price.

From where did you get these information about a thousand Bitcoin being sold in the past few weeks. May be it is possible but the financial situation globally will trigger these sentiments to investors for an asset everyone chastised as a store of value for years. With this are you certain that the title of store of value for Bitcoin is vanishing and is entering a speculative realm Wink

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KennyR

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Quote from: Chato1977 on May 06, 2022, 09:14:19 PM

I am starting to believe that price will go down below 30k or even below 20k in this quarter and in the next.

Not so fast. The fall of bitcoin below 20,000 is a very long process, it is unlikely to happen at all this year, although I am not sure that it can happen at all. These are too strong fundamental price levels and they obviously will not break through the market very quickly. I don’t know if there will be a need for either some super powerful event, like the March flash-crash 2020, or a very strong disbelief of investors who will get rid of bitcoin at a faster pace.

As said $20k isn't possible, but we can't be sure of it. The market showed a flash growth reaching close to $70k all of the sudden. By the time there were not much of market bouncing events happening around, but the growth happened. Similar to that a crash too can happen, and now the short term market decline is connected with the short term holders sell off. Maybe if the long term holders go on sell off this could happen, but long term holders consider the moment for accumulation than selling.

Baofeng

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Quote from: ?? on ??

Quote from: Chato1977 on May 06, 2022, 09:14:19 PM

I am starting to believe that price will go down below 30k or even below 20k in this quarter and in the next.

Not so fast. The fall of bitcoin below 20,000 is a very long process, it is unlikely to happen at all this year, although I am not sure that it can happen at all. These are too strong fundamental price levels and they obviously will not break through the market very quickly. I don’t know if there will be a need for either some super powerful event, like the March flash-crash 2020, or a very strong disbelief of investors who will get rid of bitcoin at a faster pace.

Possible, but as you have said, this could be the final capitulation if ever for bitcoin. The flash crash in March 2020 was due to the global pandemic, but since we have bounce back from that, I'm not seeing any scenario like that in the next 2 years of this bear market. Most likely though the war will have it's effect on the market specially if it will continue for the next coming years.

uneng

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The bearish trend will last until the US market breaks, what is inevitable, since they have adopted the same economical policies of third world countries which raise interest rates artificially in order to create temporary financial opportunities and wealthy in the country.

Big businessmen and investors, however, aren't concerned about the long term impacts. They are like grasshoppers, devouring everything on their way, and once an area is entirely drained, they find somewhere else to feed themselves from (that is when crypto environment will become the favorite alternative once again).

Unfortunatelly on medium run, I see no promising hopes for bitcoin, because Federal Reserve is determined to put USA in a several crisis, dropping the economy in the mud. As we can see interest rates were raised in 0,05% already and there is more on the way. Investors will milk maximum as possible from this "ponzi scheme" for now, but good news is that once it's over, bitcoin will enter a new bull run!

The Fed just hiked interest rates and signaled more increases are coming. Here are money moves to make now

Semar Mesem

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It's been a really tough few days for us, the price continues to decline and now it's around $35k, if the price drops below $35k then I'm sure the opportunity to continue to fall will occur again, many panicked because they saw the fact the price was not in line with expectations, and we better have to be patient than someday will regret.

ethereumhunter

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Quote from: 19Nov16 on May 03, 2022, 09:14:57 AM

Bears have happened more than 6 months since ATH last November, this makes a lot of speculation that Bitcoin will repeat bad trends every 4 years when the previous year's price pumping will occur dumping, this makes me not have a big target with bitcoin, if the price can pass $ 55k then I will sell around 60% and divert to Altcoins.

If this is the case, we will see the bitcoin price going the same way it was 4 years ago and possibly the bitcoin price going back down deeply. But hopefully, bitcoin will not go down too deep because the situation is different from the previous 4 years. Bitcoin will surely pass $55k again, although we know when so we should always be prepared for that moment. But by the time bitcoin tries to cross $55k, altcoins will also be on the rise and as we already know, a lot of altcoins will hit the last ATH.

Yaunfitda

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Quote from: Silberman on May 01, 2022, 01:36:41 PM

Quote from: Ziskinberg on April 29, 2022, 06:14:16 PM

Quote from: Dave1 on April 28, 2022, 07:43:22 PM

^^ I didn't see the price dropping below $30k this year, maybe what you meant is below $40? Anyhow this year is going to be very hard for us, specially if you just enter the market this year because the price will continue to decline because of factors like the war in EU and the whole geo-politics that was brought about. However, I'm not seeing any crash yet, it seems to me a normal retracement after reaching a all time high last November.

I hope you see what really happens to the market now and are able to check the market history in order for you to know that we reach $34k last February this year, which was the ultimate low ever recorded as of this year. I hope this never happens again but can't also neglect any possibilities that this may come any time.
I'm not going to say this was because of the war, so many factors that could affect but what I see, is this year 2022 is not a good year for crypto, were done with the bullish season, I guess we face another bearish life of crypto.

Bears are still in control of the market but at least it does not seem as if they are in complete control of the situation and they cannot make the price of bitcoin to crash at will, I also think that positive news have slowed down the bear market as it seems more countries are interested in integrating bitcoin to their economies, and the more adoption that we have the more resistant bitcoin will become to the selling pressure coming from the bears.

On the contrary, after more than a week, it seems that the bears are now in total control of the market as the price sinks deeper to $35k.

So even if there is a positive news, there is no stopping the bears for pulling the price down. And it should dawn on us that we are indeed in the bear market so it's hard to go against the flow because we are going to lose money. Better to accept the market conditions and make adjustments or better yet buy at this dip.

STT

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I thought the trend was longer then just this year. The way the trend can be drawn will vary, what I've been told to do is find the trend with the greatest number of common points. So a trend matching 6 weekly lows should surpass 2 weekly touches etc in order of preference. For that reason I do think this current trend goes back into 2021 and is perhaps more important, also I would expect we have to check it from the underside and find it now a ceiling. When we have discovered resistance then it will probably accelerate the downside effects, if that occurs of course.

Chato1977

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Quote from: Symmetrick on April 22, 2022, 11:16:32 AM

Bitcoin continues to show bearish sentiment. Today, an uptrend was broken, which lasted for 3 months:

Obviously, when this trend support is broken, the price will rush to the 35,000 zone, and maybe even lower. Fundamentally, there are no strengths now that would favor the growth of bitcoin.

Bitcoin has not even been able to recoup half of its fall, which began in November last year. We couldn't hit the 50,000 mark, never reaching that peak this year.

What awaits bitcoin in the medium term, at least in the next 3 months?

Sad but True , now we finally drops down to 35kish in which a proof that we are bearishness now and sign of lowering market capitalization .
with this I am starting to believe that price will go down below 30k or even below 20k in this quarter and in the next.

Tellek Garing

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Bitcoin touched the 35k region this week just as you rightly predicted before it rebuild back to 36k and have being struggling to remain at that price, but the present market situations is pointing to a direction of more downtrend movement and worst case scenario we may see Bitcoin pulling down to 30k even below before the end if the first half of the year 2022.

carlfebz2

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Quote from: 19Nov16 on May 03, 2022, 09:14:57 AM

Bears have happened more than 6 months since ATH last November, this makes a lot of speculation that Bitcoin will repeat bad trends every 4 years when the previous year's price pumping will occur dumping, this makes me not have a big target with bitcoin, if the price can pass $ 55k then I will sell around 60% and divert to Altcoins.

We do have different approach in regarding with the current price specially on bear market times and it is indeed true that there are really years which the market is something cant really be able to move

on what we do really have in mind.We can say that its a long time bear market running but its actually moving sideways which is something not very new into this market to happen.

Bear market or sideways movement then there's nothing we can do but to anticipate that price moves on random ways then we can say or do keep eye on this possible movements to happen.

19Nov16

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Bears have happened more than 6 months since ATH last November, this makes a lot of speculation that Bitcoin will repeat bad trends every 4 years when the previous year's price pumping will occur dumping, this makes me not have a big target with bitcoin, if the price can pass $ 55k then I will sell around 60% and divert to Altcoins.

7788bitcoin

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Quote from: Silberman on May 01, 2022, 01:36:41 PM

~
Bears are still in control of the market but at least it does not seem as if they are in complete control of the situation and they cannot make the price of bitcoin to crash at will, I also think that positive news have slowed down the bear market as it seems more countries are interested in integrating bitcoin to their economies, and the more adoption that we have the more resistant bitcoin will become to the selling pressure coming from the bears.

What if the whales are having a controlled market so that they would cash out when the price rallies and they would not sell off all the coins so that there is a entire market crash. We are seeing that the price is moving in a range for a while and who knows who price ranges are not manipulated, just to put in another theory Wink

.
Third World countries integrating Bitcoin to their economies might not get the intended result like we expect because it is a more complex situation.

Silberman

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Quote from: Ziskinberg on April 29, 2022, 06:14:16 PM

Quote from: Dave1 on April 28, 2022, 07:43:22 PM

^^ I didn't see the price dropping below $30k this year, maybe what you meant is below $40? Anyhow this year is going to be very hard for us, specially if you just enter the market this year because the price will continue to decline because of factors like the war in EU and the whole geo-politics that was brought about. However, I'm not seeing any crash yet, it seems to me a normal retracement after reaching a all time high last November.

I hope you see what really happens to the market now and are able to check the market history in order for you to know that we reach $34k last February this year, which was the ultimate low ever recorded as of this year. I hope this never happens again but can't also neglect any possibilities that this may come any time.
I'm not going to say this was because of the war, so many factors that could affect but what I see, is this year 2022 is not a good year for crypto, were done with the bullish season, I guess we face another bearish life of crypto.

Bears are still in control of the market but at least it does not seem as if they are in complete control of the situation and they cannot make the price of bitcoin to crash at will, I also think that positive news have slowed down the bear market as it seems more countries are interested in integrating bitcoin to their economies, and the more adoption that we have the more resistant bitcoin will become to the selling pressure coming from the bears.

the ghabbar

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Quote from: Zanab247 on April 29, 2022, 11:08:27 AM

Quote

Its very clear that bitcoin doesn't have strong momentum to continue making progress and that image can really tell how its gradually getting weaker this month, where in despite of some good news it continue falling and broke the current support..

So i don't think its possible to see bitcoin good performance this month or next month, especially on its current structure that obviously a bearish trend.

I agree with you, because this month of April is coming to an end tomorrow which will be difficult for people to embrace massive bull from the market. This bear market will continue till next week because the price is still low for people to sell to make a good profit that will help them to feed their families. I think bear market will only demonstrate this month because the price of bitcoin is about to move higher for long term investors to smile again in the community.

April is not the month that is expected by some people who invest in bitcoin, because this month bitcoin does not provide such maximum returns, but I believe that in the future bitcoin will return to a better path, because the market has shown a slow bullish point, although not yet stable and as fast as possible the price increase against bitcoin

Ziskinberg

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Quote from: Dave1 on April 28, 2022, 07:43:22 PM

^^ I didn't see the price dropping below $30k this year, maybe what you meant is below $40? Anyhow this year is going to be very hard for us, specially if you just enter the market this year because the price will continue to decline because of factors like the war in EU and the whole geo-politics that was brought about. However, I'm not seeing any crash yet, it seems to me a normal retracement after reaching a all time high last November.

I hope you see what really happens to the market now and are able to check the market history in order for you to know that we reach $34k last February this year, which was the ultimate low ever recorded as of this year. I hope this never happens again but can't also neglect any possibilities that this may come any time.
I'm not going to say this was because of the war, so many factors that could affect but what I see, is this year 2022 is not a good year for crypto, were done with the bullish season, I guess we face another bearish life of crypto.

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