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STT

legendary

Activity: 4102

Merit: 1454

Theres a good chance today its turning around. Just staying still at this price while other markets are negative is quite positive comparatively.
We're sitting just below the 7 day average:

Respecting longer term trend, reasonable momentum from that 38.2k low. If we can trade and stay above 40.5k for 4hr bars then into a daily closing bar, conclusion can easily be positive going forward. It will be hard to progress in these 40k ranged prices but overall BTC continues to do decent work vs a strong dollar background.

dunfida

legendary

Activity: 3122

Merit: 1140

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 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.

Silberman

legendary

Activity: 2534

Merit: 1338

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.

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote from: Reid on April 24, 2022, 11:52:06 AM

This ain't good sight for every Bitcoin investors. I don't like it but I accepted it.
Remember the past. That's what always comes out of my mind whenever a bear happens. Before, there's not even a single light in the darkness. We don't expect much. We are not spoiled brats.
But fuck me, ever since the $60k mark was reached we are all expecting higher number. Ain't we fucking greedy human beings? I like this number, and I don't expect more. Maybe it's not yet time for a new bottom. If $35k or $30k is the new one then so be it, it's still better than last year.

Yeah, it's the cycle that we need to understand, conformed and adjust. No body wants to see the price going down hard in the next 2 years or so, but for those who have seen in before, it will be a long and hard.

So the best thing to do is really have that patience, again if we have experience it, then we know what to do during this bear market.

Reid

hero member

Activity: 3052

Merit: 651

This ain't good sight for every Bitcoin investors. I don't like it but I accepted it.
Remember the past. That's what always comes out of my mind whenever a bear happens. Before, there's not even a single light in the darkness. We don't expect much. We are not spoiled brats.
But fuck me, ever since the $60k mark was reached we are all expecting higher number. Ain't we fucking greedy human beings? I like this number, and I don't expect more. Maybe it's not yet time for a new bottom. If $35k or $30k is the new one then so be it, it's still better than last year.

GreatArkansas

legendary

Activity: 2506

Merit: 1394

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

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

Very good question, what I noticed for the past few months is when the monthly candle close is fast approaching (every end of the month) that's the time I can see huge volatility in the price of the market. For example, a lot of huge candlewicks, pumps, or dumps in a short period of time.
Another thing is multiple times $50,000 is always rejecting so it's a sign for me that I am still bearish on Bitcoin for mid term like in 3 months, but not that so, what on my thoughts is sideways, we are more on sideways, just like $30,000 - $40,000 is a safe level for me.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: eaLiTy on April 23, 2022, 06:35:16 PM

Quote from: Yamifoud on April 23, 2022, 04:45:12 PM

I'm afraid, however, this is really how the market works. We can neither stop the price from going down as we are not in control of it but just like the old times, this declining sentiment certainly be taking sometimes after bullish and I assume we have been aware of this making us not to worry anymore.

The institutional investor who invested billions in the market has the upper edge here as they have the ability to control the price and if they start a massive sell off you would see the market going down rapidly, but from what i understand they are booking their profit whenever the price reaches around $45k and then the rinse and repeat method.

The positive aspect is that after every minor correction the market is recovering within a short period of time and we will be seeing this trend for a while.

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.

eaLiTy

hero member

Activity: 2814

Merit: 911

Have Fun )@@( Stay Safe

Quote from: Yamifoud on April 23, 2022, 04:45:12 PM

I'm afraid, however, this is really how the market works. We can neither stop the price from going down as we are not in control of it but just like the old times, this declining sentiment certainly be taking sometimes after bullish and I assume we have been aware of this making us not to worry anymore.

The institutional investor who invested billions in the market has the upper edge here as they have the ability to control the price and if they start a massive sell off you would see the market going down rapidly, but from what i understand they are booking their profit whenever the price reaches around $45k and then the rinse and repeat method.

The positive aspect is that after every minor correction the market is recovering within a short period of time and we will be seeing this trend for a while.

bhooscream

full member

Activity: 728

Merit: 117

Quote from: Odusko on April 23, 2022, 06:00:56 PM

Bitcoin is wearing a bullish look in a bear market conditions, and the next 3 months can be undecided and unclear to many market analysts but for prediction, the price may raise $50k region

What does it mean? It is clear that we are in the bearish trend, the price of BTC has dropped much since its new ATH. $68k t0 $39k, the drop is nearly half of its new ATH. I am not sure how fast Bitcoin to increase again above $50k, but surely not impossible to see that price level again in the next 3 months.

Quote from: Odusko on April 23, 2022, 06:00:56 PM

but am optimistic about the fact that new price record will arrive before the end of this year's 2022.

New ATH before the end of this year?
To be honest, I doubt it. I assume it needs a longer time to recover and creates a new ATH. Mostly a new ATH to be achieved in the Bullrun season. Since it just ended last year, it probably takes more than 3 years to have another ATH.

Odusko

hero member

Activity: 1008

Merit: 520

Leading Crypto Sports Betting & Casino Platform

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

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

Bitcoin is wearing a bullish look in a bear market conditions, and the next 3 months can be undecided and unclear to many market analysts but for prediction, the price may raise $50k region and it may remain like that all through the second quarter of the year but in the last quarter a new all te high may be witnessed what price that will be is unpredictably impossible but am optimistic about the fact that new price record will arrive before the end of this year's 2022.

Yamifoud

hero member

Activity: 2828

Merit: 518

I'm afraid, however, this is really how the market works. We can neither stop the price from going down as we are not in control of it but just like the old times, this declining sentiment certainly be taking sometimes after bullish and I assume we have been aware of this making us not to worry anymore.

We have seen that we even touch $35k early this year, it is possible we're getting back to that but not I'd see it drops down below $30k.
Holding seems that helps the market not go down fast and helps it to stop as the selling demand will be cut.

STT

legendary

Activity: 4102

Merit: 1454

Thats just a few days worth of prices, we've been going sideways quite alot. I would conclude that price action as still positive while we are under alot of pressure from a resurgent Dollar index which has returned to its highs of the first pandemic sell off when BTC was far less then quarter of prices now.

Here is dollar index or DXY, its only a FIAT measure but since BTC price has dollar denominator its surely some indicator of bias to direction. We have global events producing dollar demand not usually helping BTC pricing.

Agbe

legendary

Activity: 1022

Merit: 1341

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?

From what I found out, if only it is true. The price of bitcoin getting higher as of April 2022 compared to the November 2021 fall down of price. Although the price of bitcoin is unpredictable. What bored me the most is, why bitcoin price comes down to this very low level when the system is decentralized?

As of early 2021, the price of bitcoin was high but late 2021 the price came down. The price is unstable from onset. The following information shows the prices of USD to a bitcoin from 2013 to 2022
https://www.statista.com/statistics/326707/bitcoin-price-index/

I believe bitcoin price will still rise up even though it takes time to increase it price. But the particular time to be rising the price is unknown. Because in any market, the prices of goods and services are not stable. But I want to know something. In other countries, dollar determine the prices of the fiat currencies exchange rate. In bitcoin, which Currency control it that making it to be devalue?

serjent05

legendary

Activity: 3010

Merit: 1280

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Quote from: ?? on ??

Quote from: bocyaj on April 22, 2022, 03:35:33 PM

Whenever the price of bitcoin will reach 38k dollars or below that,kindly fill up your pocket with good amount of the bitcoin.In few months,it very easy to earn huge profit from it.

This may turn out to be a bad strategy because the price cannot stay in this range forever. If a deep bearish trend starts and the price goes below 30,000, what will you do with your bitcoins that you bought at 38,000 in the hope of a big profit? If for investment, then you can buy at any time, even according to your scheme, if this is a speculative strategy, then your plan for buying bitcoin is extremely doubtful.

Other investors just keep on piling up until the market becomes favorable. Bitcoin is for a long haul not some 3 months stuff. As I read several replies, many had taken the 4-year cycle of the market and they come to believe that the price will become bullish somewhere in 2025. So when it comes to buying BTC, many investors accumulate as the market becomes more bearish. That is what they called averaging down. And I think it is a wise move to gain much profit in the long run (that is to presume that BTC will rally in the stated year.). But yeah I agree with you about bocyaj buy plan.

justdimin

hero member

Activity: 3164

Merit: 675

www.Crypto.Games: Multiple coins, multiple games

Quote from: marine4u on April 23, 2022, 12:09:32 AM

I think the market is polarizing right now because of the chaos around, basically I don't see it pulling back but the current pressure hasn't been broken yet. the impact of war is not the basis for bitcoin to hold this contraction, FUD persists and I doubt the bear market will continue while I very much expect a consolidation. Lol, the market still hasn't given up on optimism trying to get to 42k before the bullshit returns. In this situation, patience will determine the next journey of bitcoin.

People are indecisive about whats going on and what will happen. I am not saying that it is impossible to predict right now, obviously there are some people who are aware of whats going on, but that doesn't mean that we will not be making any mistakes along the way while trying to predict neither.

This is why people are staying back and watching, this is why volume is lower as well, all because people have no idea whats going on. You are right about patience though, if we could wait and finally let bitcoin do what it wants to do, up or down, then we will be doing a lot better and we could profit a lot more as well. That's what I am guessing will happen soon.

marine4u

full member

Activity: 673

Merit: 106

I think the market is polarizing right now because of the chaos around, basically I don't see it pulling back but the current pressure hasn't been broken yet. the impact of war is not the basis for bitcoin to hold this contraction, FUD persists and I doubt the bear market will continue while I very much expect a consolidation. Lol, the market still hasn't given up on optimism trying to get to 42k before the bullshit returns. In this situation, patience will determine the next journey of bitcoin.

adaseb

legendary

Activity: 3808

Merit: 1723

Markets are incredibly bearish after the fed hinted that a 75 bps rate hike is on the table. Even if he wasn’t serious the market was still spooked. Also look what is going on to the bond markets.

Today the stock markets had a nasty 3% down day. So I am not surprised we ended up breaking $40K. However in the grand scheme of things. Bitcoin is holding up pretty well to most other stocks and assets given all this political mess we are in.

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

Should the lines drawn your way or this way? I'm not usually checking breakouts. But if what I drawn below is what I'm going to base my decision I think its not breaking out yet.

But then anyway, there is a recession which they are saying that will continue up to 2023 and there is also inflation. If they says so it will happen and its good to use the money today to buy supplies than keeping it in USD because the prices of products keeps rising. It's difficult times I guess.

Fundamentals Of

sr. member

Activity: 2380

Merit: 366

Ever since 2022 entered, the price of Bitcoin is only moving within $30,000 and $50,000. It never went lower than $30,000 but also did not go past $50,000. If nothing too big will happen in the market, the price might just go sideways within these borders for some time. Surely there are ample of good news but it seems these good news are balanced out with bad news, so the result is a sideway movement of Bitcoin. It couldn't explode as it also couldn't fall hard.

Jating

hero member

Activity: 2842

Merit: 772

I will say that we might be in worst situation in the next 3 months. Specially if the war continues in Europe, it will have a drastic effect not just in crypto but the rest of the financial markets.

And so the cycle continues, there is no super cycle that we might initially thought that is going to happen since bitcoin narrative has change. We will have to wait for the next catalyst (bitcoin halving), to see the bulls back in action in a massive scale.

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