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Zanab247

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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.

Eternad

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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.

It's too difficult to know whether the market will start to pump again, it is now below 40$ and the price keeps on dropping since there a no news that will motivate it to move upward. All time high may not be possible this year but in the last quarter of the year probably there will be some changes that can make bitcoin push it's price near the recent ATH price, it still far for the last quarter of the year where prices much higher so for now I just keep on buying in dip and monitors when I can trade it to at least gain a profit at these bear market we're experiencing.

Dave1

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^^ 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.

Natalim

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BTC to the MOON in 2019

The month of April still stabilizing a declining trend...

We've seen such momentum keep alive and even likely push it down close to $30k. We once drop below $30k this year and this might be possible to happen again. I'd see how the war has been affecting the market unlike how the pandemic gives impacted, it is very opposite in direction. And I hope this could not create panic selling or else, we experience an absolute downfall like 2018.

Silberman

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Quote from: ultrloa on April 25, 2022, 06:59:02 PM

Quote from: Silberman on April 25, 2022, 01:46:29 PM

Quote from: Kemarit on April 24, 2022, 05:49:22 AM

On the contrary, I believed that institutional investors are not selling at his market price. It could be that the selling pressures is coming from retail or day traders who are playing the market to their advantage. Good thing is that the market is still above $39,000 good sign that the bulls is still inside and could be buying at this price and then speculators scalping for easy but small profit.

I also do not think that institutional investors are interested at all in selling under the current conditions, and if anything I think they are interested in stockpiling all the bitcoin they can at the current prices, this is one of the reasons why the price did not crashed as much as it did during the previous ATH, as those institutional investors are adding much needed demand and every single time the price goes below the 40k level they take advantage of it and buy some cheap bitcoin.

If they are at loss then provably they will not sell it but rather than buying again then wait for profit to come, but we cannot also deny that there are institutional investor know what they are doing and cut loss is one of the best method they do to counter their losses then but back again when there's opportunity to buy some at the dip.

While it is true that one of the most basic trading tactics is cutting your losses, it comes to a point in which you are so invested in an asset that in fact it makes more sense to do the opposite and instead increase your position and defend the price, and I think that is what is happening here, we all remember the crash that happened at 2018 and it was way more intense than what we saw a few months ago, so what was the difference? And I think institutional investors were one of the most important reasons on the change we saw on the behavior of the market.

pooya87

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It is very interesting to see the constant attempt to artificially push the price below $40k and keep it there despite the market's real behavior. The amount of shorts during these attempts is just too obvious that for some weird reason a bunch of people are taking huge risks to "crash" the market and continue to fail.

What's I'm curiously watching to find out is whether their accumulated losses would end this attempt or their continued push would finally succeed and the actual "crash" happens.

bitterguy28

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“FRX: Ferocious Alpha”

Quote from: ?? on ??

This wannabe's crash where everyone is bearish and fearful is hillarious Grin

You cannot take that from Newbies and for those who had invested inside market and longing for income in not so long time .
that is also the world of crypto that when there is an increase? people is happy and when there is a decrease then there will be a panicking .

Quote from: magneto on April 26, 2022, 04:22:54 PM

Yeah definitely.

I think that given the macro environment it will be very difficult to see a push in BTC price any time soon.

It is obvious that rates are going to continue to rise and the hype in the crypto markets have died down quite a bit. I do expect a sub-$30k bitcoin very soon, when central banks around the world hike their interest rates once more. This is not to say that it's not a great buying opportunity - it certainly is.

Good argument and there is something good to expect , and that is take the advantage to buy when the price drops down to below 30k.

MinMan

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Activity: 628

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Quote from: dunfida on April 25, 2022, 04:58:18 PM

If those big investors or institutional funds would be crossed out into this market then expect that there would be a crash and lets just accept that fact since they are the ones who do have bigger part in overall

circulation that we do have today which it would really be that normal that they would be holding off their positions and able to retain for them not to lose that much but actually we dont really have any idea

on what price point or levels that t hey had able to accumulate or trying to hold on.For now we are playing around 30kish or 40kish price which its really hard to determine on what would be
the possible price movement imho.

Big investors have a big goal so no they won't just sell early and there's no way that they will sell now, that the market looks like this, it's still in bad shape but for the retail investors, it's okay for them to sell because some of them are not that serious investing for longer terms and they are the ones that are afraid when they see that the market is declining continuously, that gives them a reason to sell.

Price didn't crash heavily because we haven't been a bull market yet but you will see soon that this situation won't differ from the previous situation where there was an ATH but whatever the market will be, we have no choice but to accept it.

Fundamentals Of

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Quote from: South Park on April 25, 2022, 11:40:00 PM

Quote from: Fundamentals Of on April 25, 2022, 09:49:54 PM

Quote from: adaseb on April 25, 2022, 09:32:41 PM

This type of price action reminds me of 2015 and 2018, where there was very little movement. The way it’s trading it seems like we will range at $30-$50K probably until the end of summer and then either break up for new ATH or break down and retest the old $20K ATH area from 2017.

There is just too much uncertainly right now that I don’t think we will be resting ATH anytime soon or in the Summer. Most likely until all this war, recession, inflation and fed rates are behind us. Too much going on right now. Besides commodities and bonds, everything else is going down.

Don't you think the bottom was already reached near $30,000? Is there really enough basis to think that the $30,000 wasn't the floor yet and that the price could still go down much further hitting the $20,000 area? To my mind, this sideward movement just around the $40,000 level speaks of Bitcoin's breaking away from the bears and while the bulls are not yet coming back, the worst thing that could happen is that the price would fall down to the bottom $30,000.

The worst has passed already, I can see why traders are mad about this ranging market that we are witnessing, but there is not much room for bitcoin to keep going down, going below the 30k barrier is not going to be easy and the pressure of the bears will have to be massive to see anything remotely close to that, after all they will have to exhaust the buying pressure coming from retail and institutional investors, something not easy to do with a price that low.

That's what I'm hoping for. That's what I am also seeing. But we all know that Bitcoin's price has always been unpredictable. What I was thinking is that if the bears are still very much around and could still pull the price down much lower, the range from $40,000 to $30,000 is not that small. I guess $10,000 is more than enough room for the bears to play around. After all it is not going to be a free fall most probably. There will definitely be short green candles in between longer red candles.

STT

legendary

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Potentially a nasty downturn is transpiring but Im not yet sure if its a test or a sell. Respect the trend is usually the correct path and trend longer term is upwards. However we do have undue pressure from strong dollar which makes a sell far easier then normal. 39k or above is required closing today and ongoing to decline the outcome downwards.

Failure at the weekly average, harsh sell and a fast retest gives too many excuses for sellers, still I think we are fine longer term.

coolcoinz

legendary

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Quote from: ?? on ??

This wannabe's crash where everyone is bearish and fearful is hillarious Grin

Last time the US closed borders because of covid we had a crash.
Now that a country with nuclear potential is at war we can expect anything.

I'm not bearish, but trying to be objective here.
Nasdaq is at its lowest point since March 2021.
USD is at its highest prices since 2017 and we all know what happened with Bitcoin in 2017.

magneto

hero member

Activity: 1666

Merit: 753

Yeah definitely.

I think that given the macro environment it will be very difficult to see a push in BTC price any time soon.

It is obvious that rates are going to continue to rise and the hype in the crypto markets have died down quite a bit. I do expect a sub-$30k bitcoin very soon, when central banks around the world hike their interest rates once more. This is not to say that it's not a great buying opportunity - it certainly is.

Quidat

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DGbet.fun - Crypto Sportsbook

Quote from: ?? on ??

This wannabe's crash where everyone is bearish and fearful is hillarious Grin

Very common kind of reaction on where people do really freak out on these kind of times on where prices are declining and instead on accumulating cheaper coins they are really having that kind of hesitation
which is understandable but only the risk takers would be the one would really be seeing these things to be the right spot for them to make a move.We dont actually
know on whats the solid reason behind but we could attached up things like news and sentiments around.

coolcoinz

legendary

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Quote from: stompix on April 22, 2022, 11:35:52 AM

For the next 3 months, probably the best plan is not to care about the price that much, small talk is ok but leverage trading not so much.

I expect this to take more than 3 months and here's why.
Bitcoin is pretty strong by itself, but influenced by rate adjustments, US stock indexes and war in Ukraine. USD is pumping which is always bad for BTC, we don't know what stocks will do, many people are staying away from investments and holding cash instead (or are forced to sell because their credit rates went up by 50%). We will be facing 30-50k swings for a year if Russia keeps bullying Europe and inflation reaches highs. If Stocks crash it's going to get much worse.

Reatim

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Eloncoin.org - Mars, here we come!

Quote from: Ararbermas on April 26, 2022, 06:16:09 AM

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..

Wrong , it is not getting weaker this month because remember that the price reached almost 50k early this month so dont talk as if April really makes the price drops.

but indeed that there are a small decline happen late this month.

Quote

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 assume that the next month will maintain this position as the last quarter should be the decisioning months of the year.

Ararbermas

sr. member

Activity: 2016

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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.

South Park

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I am terrible at Fantasy Football!!!

Quote from: Fundamentals Of on April 25, 2022, 09:49:54 PM

Quote from: adaseb on April 25, 2022, 09:32:41 PM

This type of price action reminds me of 2015 and 2018, where there was very little movement. The way it’s trading it seems like we will range at $30-$50K probably until the end of summer and then either break up for new ATH or break down and retest the old $20K ATH area from 2017.

There is just too much uncertainly right now that I don’t think we will be resting ATH anytime soon or in the Summer. Most likely until all this war, recession, inflation and fed rates are behind us. Too much going on right now. Besides commodities and bonds, everything else is going down.

Don't you think the bottom was already reached near $30,000? Is there really enough basis to think that the $30,000 wasn't the floor yet and that the price could still go down much further hitting the $20,000 area? To my mind, this sideward movement just around the $40,000 level speaks of Bitcoin's breaking away from the bears and while the bulls are not yet coming back, the worst thing that could happen is that the price would fall down to the bottom $30,000.

The worst has passed already, I can see why traders are mad about this ranging market that we are witnessing, but there is not much room for bitcoin to keep going down, going below the 30k barrier is not going to be easy and the pressure of the bears will have to be massive to see anything remotely close to that, after all they will have to exhaust the buying pressure coming from retail and institutional investors, something not easy to do with a price that low.

Fundamentals Of

sr. member

Activity: 2380

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Quote from: adaseb on April 25, 2022, 09:32:41 PM

This type of price action reminds me of 2015 and 2018, where there was very little movement. The way it’s trading it seems like we will range at $30-$50K probably until the end of summer and then either break up for new ATH or break down and retest the old $20K ATH area from 2017.

There is just too much uncertainly right now that I don’t think we will be resting ATH anytime soon or in the Summer. Most likely until all this war, recession, inflation and fed rates are behind us. Too much going on right now. Besides commodities and bonds, everything else is going down.

Don't you think the bottom was already reached near $30,000? Is there really enough basis to think that the $30,000 wasn't the floor yet and that the price could still go down much further hitting the $20,000 area? To my mind, this sideward movement just around the $40,000 level speaks of Bitcoin's breaking away from the bears and while the bulls are not yet coming back, the worst thing that could happen is that the price would fall down to the bottom $30,000.

adaseb

legendary

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This type of price action reminds me of 2015 and 2018, where there was very little movement. The way it’s trading it seems like we will range at $30-$50K probably until the end of summer and then either break up for new ATH or break down and retest the old $20K ATH area from 2017.

There is just too much uncertainly right now that I don’t think we will be resting ATH anytime soon or in the Summer. Most likely until all this war, recession, inflation and fed rates are behind us. Too much going on right now. Besides commodities and bonds, everything else is going down.

ultrloa

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Quote from: Silberman on April 25, 2022, 01:46:29 PM

Quote from: Kemarit on April 24, 2022, 05:49:22 AM

On the contrary, I believed that institutional investors are not selling at his market price. It could be that the selling pressures is coming from retail or day traders who are playing the market to their advantage. Good thing is that the market is still above $39,000 good sign that the bulls is still inside and could be buying at this price and then speculators scalping for easy but small profit.

I also do not think that institutional investors are interested at all in selling under the current conditions, and if anything I think they are interested in stockpiling all the bitcoin they can at the current prices, this is one of the reasons why the price did not crashed as much as it did during the previous ATH, as those institutional investors are adding much needed demand and every single time the price goes below the 40k level they take advantage of it and buy some cheap bitcoin.

If they are at loss then provably they will not sell it but rather than buying again then wait for profit to come, but we cannot also deny that there are institutional investor know what they are doing and cut loss is one of the best method they do to counter their losses then but back again when there's opportunity to buy some at the dip.

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