$27000 or $35000? Which will Bitcoin head to at the end of Jan.? - page 3.

mich

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Quote from: katrina2 on January 22, 2021, 02:29:52 AM

Is the dip this time filling the gaps or bearish reversion?

Well I am reading this now and the price of 1 Bitcoin is 33,200. With some to make up this week being down almost 6%.

Based on seeing this I think in the next 6 days there is better chance of a price of 35,000 then 27,000.

jostorres

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Quote from: cryptomaniac_xxx on January 24, 2021, 02:03:07 AM

Quote from: ?? on ??

As the Chinese New Year is approaching. Chinese people like to withdraw funds during the Spring Festival. I think the price of Bitcoin will still be around US$32,000 at the end of January. Maybe the market will become active again after the Spring Festival.

Or Chinese people will buy bitcoin because its quite cheap at the moment, but I'm trying to drive at is that these holidays or festivities has nothing to do with the growth of the price of the decline, I don't think there is any correlation at all.

Maybe the price will be in the middle, at the end of January, around $30k-$31k.

Yeah that is true, Christmas wasn't anything special, new years wasn't, and Chinese new year is not as well, these are all just traders fallacy and nothing more. However there is one thing for sure, there are yearly cycles of finances, so at the end of the regular year "could" matter in the sense that we are starting a whole new year and that changes things in financial world for tax reasons, and that "may" have a result in prices of going up in crypto or stock or anything else.

However I do not think that it would have a huge change, it would probably be something we all expected and nothing more, and it is such a small impact that anything else can cover that and it would be done with. So do not look at these specific dates and make decisions based on that because they rarely mean anything, it is usually just holidays that you should be relaxing and having fun, not caring about crypto.

Shasha80

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It is very interesting to predict the price of Bitcoin will go up or down, but I am optimistic that at the end of January Bitcoin will return to
a price of $ 35k. And in February Bitcoin will be back at $ 40k again, I predict that based on the current Bitcoin support price of $ 30k is
very strong. Then it is unlikely that the Bitcoin price will drop below $ 30k. Hopefully my prediction is correct, so I can get more profit from Bitcoin.
Because when Bitcoin dropped to a price of $ 30k a few days ago I bought Bitcoin, so if Bitcoin manages to go up to $ 35k I will take profit.

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The price has dropped to $30k and there is no continued fall beyond certain point. Every price correction has helped with the growth, and the same has reflected in the stabilized forward move of the price. Now we're sitting at $32k+ value, so with few more days left to end the month we can see the price of bitcoin to be standing between $32k - $36k.

SaveOurSea

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after the correction of bitcoin had returned to $ 35k, but it did not last long and there was a dump again,
indeed the market is very volatile this time, and the dominance of bitcoin has been confirmed to drop,
it's better to buy altcoins and monitor bitcoin, because volatility is in bitcoin, we don't know yet whether the end of bitcoin bulls or not.

7788bitcoin

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Quote from: cryptomaniac_xxx on January 24, 2021, 02:03:07 AM

Or Chinese people will buy bitcoin because its quite cheap at the moment, but I'm trying to drive at is that these holidays or festivities has nothing to do with the growth of the price of the decline, I don't think there is any correlation at all.

If you look at the past charts you will understand that the price usually goes down during holiday season where people used to book their profit to spend time with their family or go for a happy vacation and hence it would reflect that in the valuation and for all these years the price of bitcoin went down but this year that was not the case as the investors right now is ruled by big fund houses and not the casual investors we used to have in the market.

cryptomaniac_xxx

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Quote from: ?? on ??

As the Chinese New Year is approaching. Chinese people like to withdraw funds during the Spring Festival. I think the price of Bitcoin will still be around US$32,000 at the end of January. Maybe the market will become active again after the Spring Festival.

Or Chinese people will buy bitcoin because its quite cheap at the moment, but I'm trying to drive at is that these holidays or festivities has nothing to do with the growth of the price of the decline, I don't think there is any correlation at all.

Maybe the price will be in the middle, at the end of January, around $30k-$31k.

LogitechMouse

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Quote from: katrina2 on January 22, 2021, 02:29:52 AM

Is the dip this time filling the gaps or bearish reversion?

My prediction is that Bitcoin might stay between $30,000-$40,000 in the next weeks until the end of January or possible until the start of February.

It really is hard to predict the market especially the crypto. What we can do is to just be ready into what can happen if one of them will happen which will really happen in the future. Being prepared would be better than just predicting.

pooya87

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Neither, I think there is a better chance that bitcoin price remains in this current state and continue going up and down in small increments while the whaleaccumulators fill their pockets with cheap bitcoins getting ready for the next leg up which is going to get here soon.

Quote from: muenze on January 22, 2021, 05:27:26 AM

The problem is Wallstreet buying Bitcoin OFF EXCHANGES so their giant purchases dont influence Price. Without this, the price would be $50k already.

It is not a problem, the supply is still the same limited supply that it has ever been and if the coins off the exchanges is being bought the effects will eventually be felt on exchanges too but after some time when the OTC supply dried up or when the traders there had to migrate to exchanges to re-supply.

KryptoKings

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Quote from: katrina2 on January 22, 2021, 02:29:52 AM

Is the dip this time filling the gaps or bearish reversion?

Although it is never easy to predict and most predictions fail badly but I have resons to believe that BTC will soon again surpass $35k mark.
Some future options are going to expire on 29 January plus once things settle down in US, BTC price will start going up.

error08

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Definitely above $35k by the end of January, it just the beginning even if the price drop to $28k yet immediately recover to $34k in the next day, that's how significant the demand for bitcoin these days. There's still a week left and some resistances ahead but the double bottom pattern on the chart indicate a reversal may occur soon, probably within 24 hours, imagine the increase within a week, probably surpass $40k again by the end of the month, a good time to buy bitcoin for traders.

stomachgrowls

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Quote from: ?? on ??

As the Chinese New Year is approaching. Chinese people like to withdraw funds during the Spring Festival. I think the price of Bitcoin will still be around US$32,000 at the end of January. Maybe the market will become active again after the Spring Festival.

I totally forgot about that Chinese New Year and we do all know that these events are bit significant and presuming out that those Chinese investors will be cashing out their stashes?

If we do really try to look into those indicators then it is only having that neither 35k or 27k in price in opposite ways but if we do really look on the current price movement
then its hard to say that we would really be going lower than 30k.

We are seeing sideways movement and it is gradually moving in small swings which is typically good for short term scalping. 7 days left for this January and it doesnt
matter on which price it would end for this month.

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Quote from: ?? on ??

As the Chinese New Year is approaching. Chinese people like to withdraw funds during the Spring Festival. I think the price of Bitcoin will still be around US$32,000 at the end of January. Maybe the market will become active again after the Spring Festival.

Possible that some slowdown could just continue for a while and also good thing is that it requires some stability as well so this time can act to just see where it goes and slowly moving upwards is always beneficial rather than a quick up and down price movement. For trader’s high volatility might be a good thing to make quick money but highly risky as well.

LUCKMCFLY

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I think the price will stabilize, for now I do not think there is a downtrend, there is a lot of institutional money invested, the only way it can go down is for the institutions to agree and lower the price all, and that is not possible, for now they should defend their positions in the market.

hugeblack

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I do not think that the pressure of retailers will increase the price, so stabilizing at the barrier of $ 25,000 or $ 30,000 will look perfect, especially as we have waited many years to break the $ 20,000 barrier.

It will take more time to reach a peak of $ 40,000, and perhaps after several months, we will find that the price reached $ 60,000 before the end of August.

so 31000 will be good.

exstasie

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Quote from: muenze on January 22, 2021, 05:27:26 AM

The problem is Wallstreet buying Bitcoin OFF EXCHANGES so their giant purchases dont influence Price.

That's not true. When OTC demand is strong, all the OTC supply gets eaten up. Then demand spills onto exchanges because there is nowhere else to accumulate.

Coinbase published a case study for their Prime broker service, with Microstrategy as the subject. As they point out:

Quote

Individual exchanges do not have sufficient liquidity to service large, institutional-sized orders. Coinbase’s smart order router solves this problem by aggregating liquidity from multiple venues (exchanges and market makers) and routing orders algorithmically to find the best all-in prices possible.

https://primebroker.coinbase.com/content/dam/prime/downloads/pdfs/Coinbase-Institutional-MicroStrategy-Case-Study-Dec-2020.pdf

I assume Grayscale's buys have the same effect. At certain times throughout the week you can see fairly obvious TWAP algorithmic buying activity on Coinbase. When I see it I usually think, "Grayscale's buying again!"

Latviand

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Most likely, the price will fall below $30,000. But don't worry, it's a normal process.

Don't be disappointed when bitcoin's price fall below $30,000 because if you didn't seize the opportunity during its high price then you're not the only one with that mistake.

We don't really expect for bitcoin to make a certain ATH this time and some people are hoping for bitcoin to reach $50k before they sell. Never be too upset about bitcoin's volatility because it is its nature to become like that, it is made to become unstable in the market so that those who are good at reading the market will make it advantageous for them.

Always hope for the better and don't give up on bitcoin.

TalkStar

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Bitcoin recent price dump is nothing but a part of traders game. Institutional investors are filling their bag from every dip and increasing the amount of bitcoin in their wallet. Yeah its true that panic sellers are selling their bitcoin when market price getting lower but institutional investors are taking the opportunity. Bitcoin have already showed its potentiality to entire world and who have minimum knowledge about crypto investment will definitely the bet option for them.

No one can say exactly what will be single bitcoin's price after 2/3 years but definitely it will set lot more new all time high records. We can expect price around 37k - 38k at the end of January. Lets wait for the best.

blockman

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Quote from: ?? on ??

Most likely, the price will fall below $30,000. But don't worry, it's a normal process.

It had fallen below $30,000 and that's already done as it keeps up again with better pricing which I'm staring at right now at $32,000.

Quote from: yenivera on January 22, 2021, 11:19:58 AM

It is very similar to 2017. And I think that BTC is preparing long term horizontal route. In near time I dont hope a new ATH.

I think that 41.8 k stay long time the highest price

And by this year, we have already another high all-time low. But I'm thinking of the opposite that we might see the new ATH very soon.

yenivera

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Quote from: katrina2 on January 22, 2021, 02:29:52 AM

Is the dip this time filling the gaps or bearish reversion?

It is very similar to 2017. And I think that BTC is preparing long term horizontal route. In near time I dont hope a new ATH.

I think that 41.8 k stay long time the highest price

Topic: $27000 or $35000? Which will Bitcoin head to at the end of Jan.? - page 3. (Read 600 times)