Topic: [2018-04-05] 3 Reasons Why Bitcoin Price Will Rebound in Q2 2018 (Read 184 times)

I am all hoping that all of these reasons have really effect on the current low position of the market and once things are getting better then let's see if the confidence and trust of the market will be starting to be back for good. I have been wishing that we can go back even at the $12,000 but then when Bitcoin will be back at that level am sure that it can be retreating again because many hodlers will cash in afraid that it can be back at the $6K level soon....this can be a matter of pull and push then.

Whether these three reasons will affect the price increase of bitcoin already in this quarter, time will tell. However, it is nice to read such positive forecasts, because in the last few months there has been almost a continuous negative in this respect. Earlier, there was evidence of deliberate lowering of the price for bitcoin. However, such a fall, logically, can not happen for a long time. Those who do this need to earn money. And it will be possible in the event that bitcoin after the fall starts to rise well in price.

The main reason why bitcoin will rebound is that market will stabilize itself finally. Now a huge part of investors don't want to have long-term profit, they care about now. Soon industry will get rid of that people and things will go normal

I remember when the bitcoin price went to the ground in 2015 because that has been the only time I was able to buy nearly at the bottom! I bought almost one btc at $200.
However, whatever you think of it, this dump's pretty bad up to now.

Whales don't just randomly unload their coins. It's them placing well set buy orders, then dump the market down. In that process they are mainly selling into their own buy orders, so they aren't actually unloading their coins, but smartly increasing their holdings. If whales were dumping without them putting up any support on the buy side, the market would just plummet like crazy deep. I have seen tax season being pointed at as being one of the main reasons, but I highly doubt that. I think it's more so that people are trying to dig up all sorts of reasons to justify current decrease, while they ignore the simple fact that the demand has been lowered significantly after last year, which is perfectly normal.

If whales sell their coins all the time, who buys them? How many bitcoins have you bought since December 2017? I think the answer is zero. Everyone is afraid of. It seems to me that whales maintain their large sales any attempt of prices to go up. But they don't sell their coins. They're just buying now. They have money and they can afford it.

It most likely going to be the Nov 2013 to Jan 2015 record as the consolidation of the bitcoin price will definitely take time. Below is a chart of all the corrections that have ever happened in Bitcoin history:



Image credits to reddit.com

A positive one in the dark side
Hope that it will be so

These reasons can easily be theorized by anybody and thereby be believed by almost all but at the end of the day, the price of Bitcoin is still striving at the moment AND that is all that matters now. The future holds so little when today the price has already swamp down low. I just hope this temporary price buckle would not affect so much of the number of investors that are in, otherwise, the price will suffer even more.

Best way I see now is to not invest such huge amounts all at once because the market now has gone crazy wild from its ultimate success last year. I am hoping this is just yet another psychological barrier.

Hmm. If Bitcoin price relied less on sentiment and emotion, and more on good news or bad.. And if that's the strength of 3 good things then we should be worried.

Tax season should have already been priced in. The coincheck news was already credited for the bump to 7400, which of course didn't last long at all. And history? Think the objective historian would see this as the beginning of another multi-year wait.

Setting our alarms for 2020?

Well I do believe in history repeating itself, but I do not know which one will repeat, the April rebound record or the 2014-2015 record.  I do hop it is the first one because it would be devastating to those who bought at peak to see Bitcoin price crashing down to triple digit,.

People talk about a rebound while the current price isn't anything near low at all. It perfectly fits in current time frame, and especially with how the sensational hype usage of last year has almost faded.

If the price bounces back up, then fomo will be the main driver. People will then start to believe a similar rally will be due, and that of course is something they don't want to miss out on. People by now should know this market.

I rather see the market go up slowly in the coming months. It's sustainability that we are after, not another empty fomo race leading to nothing. We'll see what happens, but I don't mind consolidation around current levels at all.

Agree on those other statements, but not on this one. If I am the whale what will be the reason of selling on this low price, that’s not the case here. The accumulative new investors will be the reason of bitcoin increases, in the meantime until the negative news will not stop the price would stay stagnant and will only be change when good news and hype started again.

Whales wanted a higher price and will Hold up to its peak.

The US tax season theory is a joke.Asian investors have bigger influence over the bitcoin price.I don`t know how many americans pay taxes for their cryptocurrency profits,but I`m pretty sure that the number isn`t quite big.
I think that 90% of all crypto traders and investors don`t care at all about the Coincheck deal.The "confidence boost" is just a hypothesis.
History can`t be on bitcoin`s side,because we can`t analyze market prices based on their previous behaviour.
The number 1 reason why the BTC price is going down is because the whales are selling and not HODLing.

It’s been a hazy start to the year for bitcoin, but here comes the sun. After shedding $119 billion-plus from its market cap in Q1 amid pressure from regulators and the cold shoulder from advertising platforms, the bitcoin price is ready for a rebound. And it appears the stars are beginning to align for that to happen in the second quarter. CNBC’s Brian Kelly outlined the drivers of the bitcoin price for the new quarter, and we’ve added to them.

• US Tax Season’s Nearly Over

April 15 marks the end of tax season in the United States, and it’s just around the corner. Investors who profited from bitcoin’s massive rally in December are having to come up with the money to pay Uncle Sam now, which could explain a percentage of the selling pressure in the bitcoin price in March. Kelly noted that any “tax-related selling” that’s been happening in March is going to come to an end in a little more than a week. (Separately, Kelly also noted that the blockbuster $2 billion Telegram ICO may have attracted investments away from BTC.)

• Coincheck Deal in Sight

As CCN previously reported, Japan’s Coincheck may be on the block. Not only is it for sale but the potential buyer, online brokerage Monex Group, is the parent company of US-based TradeStation (with massive data and charting capabilities) and is publicly traded.

“It’s a massive confidence boost; you now have a regulated public company in Japan buying into a crypto exchange,” Brian Kelly, CEO of BK Capital Management, told CNBC.

Kelly added that  “massive, massive sentiment shift.”

• History Is on Bitcoin’s Side

Unless you were looking to buy the dip, March was difficult to watch for bitcoin investors. But even though the bitcoin price suffered, the performance only proves that history repeats itself. March is historically a dismal month for the leading cryptocurrency, “rising only one of the last seven years [in 2013],” as per Fundstrat data.

That’s good news for April because historically, this is one of the best trading months for the bitcoin price, “rising five of the last seven years,” Fundstrat says.

• Other Tailwinds

The forces for bitcoin are stronger than the forces against it. While these three drivers of the bitcoin price appear imminent, there could be others. For instance, major bitcoin markets around the world including the United States are awaiting a regulatory framework to take shape to take the uncertainty out of the equation, among other reasons. It could be the catalyst the cryptocurrency markets need to bring them over the top.

Source: https://www.ccn.com/3-reasons-why-the-bitcoin-price-will-rebound-in-q2/