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

lepbagong

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Quote from: LUCKMCFLY on January 31, 2021, 04:05:47 PM

From what is observed, it is more likely that it will reach $ 35k again, in addition to that many investors are looking for more bitcoin, we already have the influence of Elon Musk, this is something favorable, if at the moment I had the money, I would not hesitate to buy more bitcoins, no matter what news and technical analysts show.

I think your opinion about the price that will be achieved by bitcoin is clear, it might even exceed the existing estimates, because we know that bitcoin is currently difficult to understand because it is able to move quickly both down and up.

analysis can anyone do but the effect of one's analysis will be different. but in the past the analysis of @elonmusk was quite confusing in the crypto universe as it has raised bitcoin's rise and even surprised the latter with a doge. but many other analysts have always missed before.

of course if you have sufficient funds I will also do the same thing with you still holding bitcoin because it is clear bitcoin will continue to increase.

Fredomago

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Quote from: Oasisman on January 31, 2021, 04:24:28 PM

Quote from: kapalmabur on January 31, 2021, 03:40:53 PM

the monthly candle will end in 3 hours, if the candle is above $ 32500 then I say bullish for bitcoin, but if it is below $ 32k, the volatility will increase,
somehow this will happen, we have to wait for it, for sure the predictions about $ 27000 and $ 35000 are wrong ,
since bitcoin didn't reach that target at the end of January, and $ 35k could be reached again in February, don't worry.

Most probably it will close at $32,000 to $33,000 for the month of January. Even though the price seems stabilizing at this region despite of the 1 day pump of $4,000 after the Elon Musk bio change and created a hype, Bitcoin sentiments still remains bullish.
I'm looking forward to see what would be the price action for the first week of February. I guess this month we will going to have a clearer signal which way Btc is heading.

Still moving back and forth too early to assume that it may continue being bullish or it will rest from
this barrier and form again much stronger position before jumping high.

That Elon Musk hashtag really shows support from his followers a very sign that there are people who are willing follow his journey inside this industry.

If we will see more insitutional investors to come inside there's higher chance
to see much better value.

RealMalatesta

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Quote from: wiss19 on January 29, 2021, 11:04:25 AM

People would keep on selling and selling and selling, there would be very little amount of buyers, but these days there are so many buyers who see the price go down and they think bitcoin is discounted and they buy right back, that is why there is no crash, there are small corrections and there are people who buy it back to increase it back.

Yeah, we can clearly see that 35k is the right answer here, unless something major changes in the next 24 hours, we are going to see being closer to 35k easily. However what we are going to see next month is going to be a very difficult deal.

We are not in a all laugh and joy situation right now, we are having hard time going up, it was very easy to drop as low as 29k and even though I find that still a very high price, I can't say the same for people who bought at 30k+ whereas going up is not that simple, sure we had a spike recently thanks to elon musk putting bitcoin on his bio and wallstreetbets suddenly crashing here and buying all bitcoins but they left and we dropped again. So, I would say we are going to have a bit of a hard time and I believe we are not going to be able to actually end up going up that easily, it will be very difficult.

Oasisman

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Quote from: kapalmabur on January 31, 2021, 03:40:53 PM

the monthly candle will end in 3 hours, if the candle is above $ 32500 then I say bullish for bitcoin, but if it is below $ 32k, the volatility will increase,
somehow this will happen, we have to wait for it, for sure the predictions about $ 27000 and $ 35000 are wrong ,
since bitcoin didn't reach that target at the end of January, and $ 35k could be reached again in February, don't worry.

Most probably it will close at $32,000 to $33,000 for the month of January. Even though the price seems stabilizing at this region despite of the 1 day pump of $4,000 after the Elon Musk bio change and created a hype, Bitcoin sentiments still remains bullish.
I'm looking forward to see what would be the price action for the first week of February. I guess this month we will going to have a clearer signal which way Btc is heading.

KTChampions

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Quote from: Oceat on January 31, 2021, 05:02:16 AM

Quote from: KTChampions on January 30, 2021, 06:57:43 PM

Since there are only a few hours left, it is easy to make a prediction: I think the price at 35 will be closer.
I think that any price above 29-30 thousand indicates an upward movement, in order to go to the level of 25 thousand, bitcoin must first break through this powerful support.

I think $33k below is the final price for this month since the strong support of $30k is not that easily to be break. Unless some huge entities holding Bitcoin suddenly dump or an effective fud news that would make most of people to dump. Well, if they were just going to dump it then it's a waste of valuable asset. While looking at the volume it seems that sooner or later we will be back to the moon again.

I would expect another group of people to continue making fud if what they expected never met. I think this is just a normal routine of the Bitcoin market weak-hands losing their investment because they believe in a fud.

If we are talking about weak hands losing bitcoins, then we assume that they have them. It can be assumed that these are ordinary people who heard about new records and started buying bitcoin at a price of 20 to 40 thousand dollars. This means that in order to knock out bitcoins from them, the price must fall significantly below 20 thousand Wink

LUCKMCFLY

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From what is observed, it is more likely that it will reach $ 35k again, in addition to that many investors are looking for more bitcoin, we already have the influence of Elon Musk, this is something favorable, if at the moment I had the money, I would not hesitate to buy more bitcoins, no matter what news and technical analysts show.

kapalmabur

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the monthly candle will end in 3 hours, if the candle is above $ 32500 then I say bullish for bitcoin, but if it is below $ 32k, the volatility will increase,
somehow this will happen, we have to wait for it, for sure the predictions about $ 27000 and $ 35000 are wrong ,
since bitcoin didn't reach that target at the end of January, and $ 35k could be reached again in February, don't worry.

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Quote from: Oceat on January 31, 2021, 05:02:16 AM

Quote from: KTChampions on January 30, 2021, 06:57:43 PM

Since there are only a few hours left, it is easy to make a prediction: I think the price at 35 will be closer.
I think that any price above 29-30 thousand indicates an upward movement, in order to go to the level of 25 thousand, bitcoin must first break through this powerful support.

I think $33k below is the final price for this month since the strong support of $30k is not that easily to be break. Unless some huge entities holding Bitcoin suddenly dump or an effective fud news that would make most of people to dump. Well, if they were just going to dump it then it's a waste of valuable asset. While looking at the volume it seems that sooner or later we will be back to the moon again.

I would expect another group of people to continue making fud if what they expected never met. I think this is just a normal routine of the Bitcoin market weak-hands losing their investment because they believe in a fud.

Have really a hard time on breaking 40k and breaking 30k support but the price had actually able to touched these levels but it do corrected into those numbers afterwards.
We are on the last day of this month of January and the price is playing around 33-35k but we dont know if it would actually closes into the near number of 35k on where
op had mentioned out..For the question if when we would be heading then this would be a question remain unanswered because this market is way too unpredictable.
Thing here is that you do know on how to play with the price in spite of this very unpredictable behavior.

Oceat

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Quote from: KTChampions on January 30, 2021, 06:57:43 PM

Since there are only a few hours left, it is easy to make a prediction: I think the price at 35 will be closer.
I think that any price above 29-30 thousand indicates an upward movement, in order to go to the level of 25 thousand, bitcoin must first break through this powerful support.

I think $33k below is the final price for this month since the strong support of $30k is not that easily to be break. Unless some huge entities holding Bitcoin suddenly dump or an effective fud news that would make most of people to dump. Well, if they were just going to dump it then it's a waste of valuable asset. While looking at the volume it seems that sooner or later we will be back to the moon again.

I would expect another group of people to continue making fud if what they expected never met. I think this is just a normal routine of the Bitcoin market weak-hands losing their investment because they believe in a fud.

KTChampions

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Since there are only a few hours left, it is easy to make a prediction: I think the price at 35 will be closer.
I think that any price above 29-30 thousand indicates an upward movement, in order to go to the level of 25 thousand, bitcoin must first break through this powerful support.

Furious 7

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Quote from: Yaunfitda on January 30, 2021, 12:26:30 PM

And since the Elon Musk tweet, the price goes to $38k, then settled around $34k-$35k.

So base on the the OP's question, not going to be $27k, but $35k at least at the end of this month.

Still bullish though, and with the WSB and DOGE and GME pump, it might spill over to bitcoin next month. Last couple of days was crazy, reddit become a pump and dump group, Lol. In any case though, $40k-$50k is doable next month as we might see some spike in the price again.

This is really sticking out because Elon tweeted musk so it is not impossible that bitcoin will also experience the same thing in the following months, I hope this can happen, after several other coins are pumped in the near future.
The price of bitcoin will settle at $ 35k. Maybe that's more stable than some downward slides.
Haha, now many forums are discussing many famous coins after such a great pump with DOGE coins.

Yaunfitda

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And since the Elon Musk tweet, the price goes to $38k, then settled around $34k-$35k.

So base on the the OP's question, not going to be $27k, but $35k at least at the end of this month.

Still bullish though, and with the WSB and DOGE and GME pump, it might spill over to bitcoin next month. Last couple of days was crazy, reddit become a pump and dump group, Lol. In any case though, $40k-$50k is doable next month as we might see some spike in the price again.

wiss19

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Quote from: pooya87 on January 28, 2021, 03:15:04 AM

This pattern repeats many times that it is kind of a regular theme in bitcoin. Each time we see a big rise that continues for some time, there is a sudden drop and then price stays near the bottom of that drop for some time before it continues rising (aka accumulation phase). The interesting part is the users' behavior during this time where they panic sell and continue spreading a lot of FUD.

Unfortunately there are too many people involved with their emotions, which is why we can't have a decent increase without interruption. Any time there is a correction due to a lot of people making a profit so they sell, there are people who are willing to eat up a chunk of loss and get out, and they sell right away with fear that they may lose even more if they do not sell.

Thankfully as a difference these days there are also people who are willing to buy when it goes down as well. For example if it was back in the day and we went down? People would keep on selling and selling and selling, there would be very little amount of buyers, but these days there are so many buyers who see the price go down and they think bitcoin is discounted and they buy right back, that is why there is no crash, there are small corrections and there are people who buy it back to increase it back.

Ultegra134

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Quote from: btc_angela on January 28, 2021, 02:22:23 AM

Quote from: bryant.coleman on January 28, 2021, 01:01:39 AM

Quote from: semobo on January 27, 2021, 12:39:14 PM

Reached 29K a while ago but managed to climb again to 30K so it seems there is strong resistance building up or we are just preparing for a huge long bearish dump after sideway movements.

Expect the worst ever scenario can happen so you won't be disappointed even if that happens and if it doesn't then you are a happy man.

It resembles a bear trap. Short-term investors who sell their coins right now will regret their decision later (after a few months). The current situation resembles what happened in 2017. For the first two-three months, the prices remained stable, before the bull run resumed. The same may happen this time as well. Don't expect the bull run to resume immediately. Prices are going to remain stable for the next few months.

In a bullish season, short term investors are going to get REKT. And I agree that this is 2017 all over again, first months are really a struggle, actually the first quarter, and then we have a few bumps, but the third quarter was also full of corrections and dips. And then we take off in the last quarter. If history repeats itself then we might see a new all time high before the end of this year. Best case scenario is a 6 digit figure for the first time.

I don't think it's anything similar with 2017's incident. The price is relatively stable the past week. I highly doubt that it is suddenly going to crash down to $20k for example. It will probably be quite volatile for the next few weeks.

Today, Bitcoin made an approximately 5% recovery, but I think it's probably going to crash again by tomorrow. It will probably continue in this vicious cycle for quite a while.

pooya87

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Quote from: bryant.coleman on January 28, 2021, 01:01:39 AM

Quote from: semobo on January 27, 2021, 12:39:14 PM

Reached 29K a while ago but managed to climb again to 30K so it seems there is strong resistance building up or we are just preparing for a huge long bearish dump after sideway movements.

Expect the worst ever scenario can happen so you won't be disappointed even if that happens and if it doesn't then you are a happy man.

It resembles a bear trap. Short-term investors who sell their coins right now will regret their decision later (after a few months). The current situation resembles what happened in 2017. For the first two-three months, the prices remained stable, before the bull run resumed. The same may happen this time as well. Don't expect the bull run to resume immediately. Prices are going to remain stable for the next few months.

This pattern repeats many times that it is kind of a regular theme in bitcoin. Each time we see a big rise that continues for some time, there is a sudden drop and then price stays near the bottom of that drop for some time before it continues rising (aka accumulation phase). The interesting part is the users' behavior during this time where they panic sell and continue spreading a lot of FUD.

btc_angela

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Quote from: bryant.coleman on January 28, 2021, 01:01:39 AM

Quote from: semobo on January 27, 2021, 12:39:14 PM

Reached 29K a while ago but managed to climb again to 30K so it seems there is strong resistance building up or we are just preparing for a huge long bearish dump after sideway movements.

Expect the worst ever scenario can happen so you won't be disappointed even if that happens and if it doesn't then you are a happy man.

It resembles a bear trap. Short-term investors who sell their coins right now will regret their decision later (after a few months). The current situation resembles what happened in 2017. For the first two-three months, the prices remained stable, before the bull run resumed. The same may happen this time as well. Don't expect the bull run to resume immediately. Prices are going to remain stable for the next few months.

In a bullish season, short term investors are going to get REKT. And I agree that this is 2017 all over again, first months are really a struggle, actually the first quarter, and then we have a few bumps, but the third quarter was also full of corrections and dips. And then we take off in the last quarter. If history repeats itself then we might see a new all time high before the end of this year. Best case scenario is a 6 digit figure for the first time.

bryant.coleman

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Quote from: semobo on January 27, 2021, 12:39:14 PM

Reached 29K a while ago but managed to climb again to 30K so it seems there is strong resistance building up or we are just preparing for a huge long bearish dump after sideway movements.

Expect the worst ever scenario can happen so you won't be disappointed even if that happens and if it doesn't then you are a happy man.

It resembles a bear trap. Short-term investors who sell their coins right now will regret their decision later (after a few months). The current situation resembles what happened in 2017. For the first two-three months, the prices remained stable, before the bull run resumed. The same may happen this time as well. Don't expect the bull run to resume immediately. Prices are going to remain stable for the next few months.

semobo

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Reached 29K a while ago but managed to climb again to 30K so it seems there is strong resistance building up or we are just preparing for a huge long bearish dump after sideway movements.

Expect the worst ever scenario can happen so you won't be disappointed even if that happens and if it doesn't then you are a happy man.

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

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

all possibilities can happen...
2017 bulls were very different from this time, at that time not many large companies made Bitcoin their safe-haven. So I can say that $ 41k ATH won't last long, Most likely this year Bitcoin will make another new ATH.

Porfirii

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Checking the price... and it is now $31.992,12.

I guess that the price will keep this sideways movement for the rest of the week. Which is not bad news neither: a consolidation at this 30K mark is a positive indicator for me Roll Eyes

Let's not forget that the year is only just starting, and it will be better for the mid-long term a sustained rise than an explosive pump.

buwaytress

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Tell you what, though, I've had 2 new requests this week from 2 separate exchanges asking for more information. Very low level stuff (ambiguous source of fund to trade crypto, which doesn't explain my activity on their platforms really) and very quick to enable. The heat's definitely coming on to exchanges so all that institutional demand's got to be routed, as exstasie says, through legitimate channels. Liquidity drying up baby.

jaberwock

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Quote from: Furious 7 on January 25, 2021, 04:00:53 AM

for me I think that with any celebration it will not affect the price because they will not spend more money so in conclusion their money must remain in bitcoin.
So the current correlation still looks good with a little correction. We can see how bitcoin is in the first quarter so it will still be 30-35k, but in conclusion we will see that in the following months there will usually be a movement with increased demand.

Everyone thinks these special days matter a lot but the reality is that they do not change too much. Look at the price now, it is already above 31k and we can say that we are closer to 35k than 27k so the answer is getting there. I can't say the answer is already given, because we could drop from here to 27k before we can reach 35k, that type of big falls did happened in the crypto world before and it could happen again.

However I feel like it is quite obvious that we are not going to let it be like that easily. Of course it is going to be easier to move 2k+ higher than to drop 6k+ lower, so we could easily say that likely answer will be that we will be at around 35k by the time January ends. However we could also have an option to say "which one will it be closer?" and in that regard whatever price is closer that would be better and 35k will probably be closer for sure unless something unexpected happens.

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Quote from: Wulan_maniez on January 25, 2021, 06:09:27 PM

If bitcoin is going to touch the deepest price at $27k, this is probably the best chance to buy back bitcoin and for those who don’t already own bitcoin.
Perhaps the price of $27k is the deepest price in bitcoin’s bullish decline this time around. But I’m also not sure yet whether bitcoin will go down that
low. After a few weeks of sideways bitcoin, it may prepare to fly to $35k or more by the end of January.

No, I do not think so because the investor can wait for more, and if the price really touches the deepest price at $27k, that will be the best time to buy bitcoin. If they buy bitcoin now, they can get in a trap to buy at a high price, and that can make them mad. The investor needs to calm down for a while, especially at this moment, because bitcoin now is back to the low price, and it seems, bitcoin price will stay at the current price.

exstasie

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Quote from: doomloop on January 25, 2021, 10:55:51 AM

Quote from: exstasie on January 23, 2021, 04:12:32 AM

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!"

You are sort of right, but sort of wrong as well. It does pour into regular exchanges obviously but it is a slow type of deal and not something sudden, which does change the market maybe a bit but not a lot, because these kinds of amounts done slowly doesn't really change too much.

Think about it this way, grayscale collected over 500k bitcoins, but did that like 7k per week or something, and that is why I think it matters, because 7k per week on OTC is nothing, and even if it spills over to regular exchanges that would be what? 2k spilled over? You can collect 2k from 5 different exchanges with 400 bitcoins and that would not be even felt.

That's a whole lot of assumptions right there.

There was a single day last week where Grayscale added 16-17K BTC to their trust in a single day. There is also no guarantee of OTC market liquidity at any given time. It's very possible most of that could have been routed through exchanges and had a very real effect on price.

Also, this sort of exchange order routing is surely limited to highly AML/KYC compliant, licensed, exchanges. Inflows would not be spread to exchanges like Huobi, Binance, Bitfinex, etc. even though they are some of the biggest exchanges in the world by volume and liquidity.

Grayscale is also just one buyer. What I'm saying applies to almost all institutional buyers.

Fakhrulenclix

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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?

Everything is possible, the end of January will be bearish or bullish, everything good. For people who keep it for the long term, this is doesn't matter. Because even bearish, the price of course will bullish. Just prepare your money to buy more if the price dumped

Hippocrypto

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These value would potentially touch each other, and if it won't decline in bigger percentage that possibly going down slightly at $30k or less by end of January which is within the range of the mentioned values. However, as market gone so unpredictable we'll able to see the actual trend based on chart and it's our own perspective to decide which pattern will be followed.
Learning process doesn't stop at once, so it's better to study frequently to gain good results if you're trading all alone.

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If bitcoin is going to touch the deepest price at $27k, this is probably the best chance to buy back bitcoin and for those who don’t already own bitcoin.
Perhaps the price of $27k is the deepest price in bitcoin’s bullish decline this time around. But I’m also not sure yet whether bitcoin will go down that
low. After a few weeks of sideways bitcoin, it may prepare to fly to $35k or more by the end of January.

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Quote from: lukikato on January 25, 2021, 01:20:41 PM

is likely to decrease to 20 000 $. Please be careful investing in late January. If there is a gap you can also buy more

It's way too far, it may not drop less than that amount this time, probably up to $30k is the range where it can bounce back or if ever the price dip more than that amount it will be may not last long till it creates it hype again, I believe many institutional companies will be able to join in crypto or BTC market this year as many big ones already in.

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Well we got the initial drop to $30k, then it was building support at $33k-$35k but then the double spend fake news hit and broke supports and dropped the price to $28k. Now that the double spend fake new FUD is over I don't think there is any way the price breaks down below that initial $30k drop which would have been the bottom without the double spend lie.

Past few days its been pushing up little by little - $32k, $33k, $34k - currently working on establishing $33k and $34k. Obviously $30k, $31k, $32k are still on the table just with daily volatility but the only reason for the sub-$30k drop last week was the double spend fake news so another drop down there is extremely unlikely as market has recovered from that bout of nonsense.

I'd expect $35k at end of month in a few days, probably bouncing around $1k or $2k above and below that around the end of the month, but skewed to the above side as Bitcoin pulls itself out of this correction. I think probably two weeks until $40k (early to mid February) and $50k by end of February.

Not even the bitcoin double spend lie and associated panic sell could drop the price to $27k, so $27k is likely lost to history at this point.

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Quote from: lukikato on January 25, 2021, 01:20:41 PM

is likely to decrease to 20 000 $. Please be careful investing in late January. If there is a gap you can also buy more

I don't see it dropping to that price anymore. If $25,000 is highly unlikely then that price is the same as what you're saying. Careful to the scams and other investments that offer guaranteed payments. But if it's about investing in bitcoin, they only have to determine at which time they want to invest to get a good price before it increases. You get a good price when you buy and then wish to sell it whenever it pumps or gets into a long term once you've determined that it will increase in the long run.

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is likely to decrease to 20 000 $. Please be careful investing in late January. If there is a gap you can also buy more

Wysi

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Till yesterday I though it would be great if Bitcoins today's anywhere between $30k and $35k but after sudden surge in the price today I think anything is possible and it might really once again towards $40k if it finds some resistance above around $33k. This is just my thought based on Bitcoin chart j have observed for a while. The nect fee weeks will be boon for traders as we may expect some decent fluctuations.

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Quote from: kentrolla on January 25, 2021, 08:58:20 AM

BTC market movements are simply tremendous the price goes down then again gets back the momentum and pumping again I am planning to make a short-term investment by buy @30k and sell at 34k - 36k.

I am continuously watching the price movements and BTC is playing around the same and I know this is not the market strategy and very risky but I would like to take this as an opportunity and make use of it rather than waiting.

If you manage to adjust your buy zone before this bounce up happened, it's nice to see that the market again is pumping up. Those who able to buy @ $31k-$32K are now enjoying the short ride.

A quick buy and sell order which provides a decent profits. Especially for those big fat whales who keeps playing around, they are capable
of buying volumes of coins and store it for a while. Now possible that they will keep holding and just sell out once satisfied with the value or once the target has already been hitted.

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Quote from: exstasie on January 23, 2021, 04:12:32 AM

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!"

You are sort of right, but sort of wrong as well. It does pour into regular exchanges obviously but it is a slow type of deal and not something sudden, which does change the market maybe a bit but not a lot, because these kinds of amounts done slowly doesn't really change too much.

Think about it this way, grayscale collected over 500k bitcoins, but did that like 7k per week or something, and that is why I think it matters, because 7k per week on OTC is nothing, and even if it spills over to regular exchanges that would be what? 2k spilled over? You can collect 2k from 5 different exchanges with 400 bitcoins and that would not be even felt.

So long story short in a market where 20 billion dollar volume happens everyday, having hundreds of millions of dollars per week is nothing. Does it affect us? Sure it does, it removes money from the market and makes bitcoin scarce which is the real great part about it, but they do not change it in a day, it is a long term benefit.

kentrolla

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BTC market movements are simply tremendous the price goes down then again gets back the momentum and pumping again I am planning to make a short-term investment by buy @30k and sell at 34k - 36k.

I am continuously watching the price movements and BTC is playing around the same and I know this is not the market strategy and very risky but I would like to take this as an opportunity and make use of it rather than waiting.

leea-1334

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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.

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

Yes,,, an old theory I first came across in 2017 that Chinese New Year makes Chinese people go crazy and buy Bitcoin. It never makes sense because we all know in Asia people SPEND money not save during festivities.

So if anything should happen,,, people should be selling Bitcoin. But nobody sells stocks or gold for holidays:)

blockman

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Quote from: coin-investor on January 25, 2021, 07:15:00 AM

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

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

With only 6 days to go, I don't think Bitcoin will crash to $25000, there's a possibility that it will hit $35000 if whales decide to pump the market to hit the $35000 level, I'm also hoping that we stay in the $30000 level before the end of the year, February is something we look forward to another achievement and milestone.

I don't want to imagine it happening but I can't remove the fact that there's still the possibility. If how quick it made on the last days of December, it can possibly happen with the remaining days. But the chance of making it like that is little by this time.
The same thought as you, I want it to remain $30k and becomes the support price of bitcoin until it breaks newer aths.

coin-investor

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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?

With only 6 days to go, I don't think Bitcoin will crash to $25000, there's a possibility that it will hit $35000 if whales decide to pump the market to hit the $35000 level, I'm also hoping that we stay in the $30000 level before the end of the year, February is something we look forward to another achievement and milestone.

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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.

Indeed, for me I think that with any celebration it will not affect the price because they will not spend more money so in conclusion their money must remain in bitcoin.
So the current correlation still looks good with a little correction. We can see how bitcoin is in the first quarter so it will still be 30-35k, but in conclusion we will see that in the following months there will usually be a movement with increased demand.

goaldigger

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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?

I have a strong feeling that the big correction will happen in the first quarter of 2021 but I don't think the market will fall before the end of January because we've just recovered from the pullback and there's no sign of negative news. Anyway, we have to back-up our speculation with the right analysis or else we will come up into a wrong decision, so analyze the price movement before making any move.

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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.

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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.

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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.

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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.

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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

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It tough to predict whether it goes down at $27000 or goes up at $35000. But considering the current market and sudden dip in the bitcoin price, I think it will go to somewhat close to $27000. I would say it is an opportunity for people who are looking to buy bitcoin but unable to do so because of its ever-increasing price.

If you are looking for trading in bitcoins, I would suggest you check out Exocrow, a digital currency wallet, and platform where merchants and consumers can transact with new digital currencies like bitcoin, ethereum, and litecoin ...

I have been using this platform for trading in cryptocurrencies and made a lot of money on it.

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I think this depends on the individual trader placing the price limit, and it applies to you. The bear market will be an opportunity where the spike will increase again in February. after that we do not know the same price will go down or even break $ 100,000. and to do the bubble it will require the re-adoption of about 40% of the big companies or influential investors.

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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?

I think the filling the gaps down there is the outcome of the current bear now. Price has dropped to 31,275 which is because of the high and hodlers must drop coins to pick their profit. Well I'm not expecting a major bear of price down below $20,000. So reversal may not take us anywhere different from what range the price is now for January.

muenze

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

Then other billionaires who got Bitcoin much cheaper selling on exchanges to drop price, call their shorts, and set the market in panic so price drops even further so they can rebuy again and make giant profits.

Now it looks like Wall Street has put Bitcoin in a position where the rich get richer and the poor get poorer.

I think Bitcoin will prevail but maybe we should look into alternatives like small community projects that are evenly distributed before Wallstreet can get in

As for Bitcoin price, as of now it looks like it will stay in the $30ks, probably going up again from the $31k its now.

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

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