Anyone else see a big bitcoin upwards movement coming very soon?

suzanne5223

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I guess some crypto traders only focus more on the potential of the market to surge in price and ignore the things that will also influence the surge in price of the market. However, this doesnt mean that Bitcoin wont experience an upward movement, it just that the momentum wont last cause people will start cashout their investment for quick profit.

Quote from: Oasisman on July 12, 2020, 09:35:24 AM

Quote from: slapper on July 06, 2020, 04:45:13 AM

However, I believe that the main reason why bitcoin is still under $10000 is that whales and big boys are collecting as many bitcoin as they can. While the price is still under $10000, its a great chance for them to accumulate bitcoin and ether in order to maximize the profit.

Wrong perception!
Do you think Bitcoin will stay at this current level when whales are trying to accumulate "as much as they can?". Seriously? Man, these whales have massive funds that could actually steer Bitcoin's price in the direction they want to.
And, do you think we're still in accumulation phase atm?
If, whales or retail investors are still accumulating, that means there are massive buying of Bitcoins, and that also means more demand of supply, and the Bitcoin value will gradually increase. That's basic economics.

I'll give you a more realistic reasons why Bitcoin is still under $10,000.
1. Because of the economic downfall.
2. Because of the pandemic.
3. Bitcoin's lack of adaption.

The list goes on, I'm just stating what suits to our situation today.

+1 to the above message.

tbterryboy

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I do not think we could attribute the increasing of the price to just one nation. We have to realize that the price went down in everything, from stocks to gold, and then it increased a lot as well because in the end there had to be some recovery, this included bitcoin as well.

The only difference is the fact that halving happened right at the moment when everything was recovering and that included bitcoin as well. Doesn't matter if it was increasing or decreasing without that pandemic drop, because we will never know about that, but what we know is that price increased afterwards in may month.

Now all we need to do, is wait for it to make another movement, I don't know if it will be up or down but right now it is stable and eventually it will make another move for sure.

Oasisman

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Quote from: slapper on July 06, 2020, 04:45:13 AM

However, I believe that the main reason why bitcoin is still under $10000 is that whales and big boys are collecting as many bitcoin as they can. While the price is still under $10000, its a great chance for them to accumulate bitcoin and ether in order to maximize the profit.

Wrong perception!
Do you think Bitcoin will stay at this current level when whales are trying to accumulate "as much as they can?". Seriously? Man, these whales have massive funds that could actually steer Bitcoin's price in the direction they want to.
And, do you think we're still in accumulation phase atm?
If, whales or retail investors are still accumulating, that means there are massive buying of Bitcoins, and that also means more demand of supply, and the Bitcoin value will gradually increase. That's basic economics.

I'll give you a more realistic reasons why Bitcoin is still under $10,000.
1. Because of the economic downfall.
2. Because of the pandemic.
3. Bitcoin's lack of adaption.

The list goes on, I'm just stating what suits to our situation today.

carlisle1

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Quote from: slapper on July 06, 2020, 04:45:13 AM

I do agree with you. I also see the same opportunity that bitcoin will soon rise to $15000 in a month. However, I believe that the main reason why bitcoin is still under $10000 is that whales and big boys are collecting as many bitcoin as they can. While the price is still under $10000, its a great chance for them to accumulate bitcoin and ether in order to maximize the profit. Many news and analysis have pointed out that bitcoin will soon be back to $20000. Sadly, we still dont know which date it will be. Right now is a chance for us to store bitcoin with a pretty cheap price

if whales are really accumulating while the price is under 10,000 then the price now should rise up because of this Buying coming from Big investors like whales?

Anyway that 20,000$ like 2017 is coming no doubt,but at least let us not expect that soon because market is not helpful these days and there are so many complications brought to us by this Pandemic so if you can wait longer then that is much better and for now,just keep holding and accumulating.

Taskford

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Quote from: Jating on July 11, 2020, 08:35:25 AM

Quote from: buwaytress on July 10, 2020, 04:23:26 AM

Quote from: Janation on July 09, 2020, 04:35:05 AM

I thought Bitcoin's price will fall down after halving but it didn't.

Maybe we can say that the reason why the price of Bitcoin is staying at $9K is that there are a lot of people in India increasing the dominance of it while we are in the pandemic. People are scared because they thought that it will fall though I don't think there are a lot of people that invested there too. But some articles said that the people investing in cryptocurrencies there are increasing.

I do agree that it will increase and I am not really affected when it falls down since I know it will just go back quickly.

That's okay. A lot of people thought it would go up and it didn't either. To be fair, I think more people were disappointed by the lack of post halving action, but really, price was never meant to go up that much after halving, every past event needed months for the volume reaction.

Yes, perhaps there are really a lot of traders or investors who haven't been here during the last halving in 2016. So they really anticipated a huge jump in price. this 2020. But it doesn't work that way, there are too much economics that need to be satisfied first before the price goes on a bull run.

We need economic to bee in good shape before we can see those one if we just speculating when theirs a pandemic happening well provably we are just dreaming for those bull run things to came, but I'm sure that the good things are near to happen to us since we actually see something good movements so I really have a positive feeling once all is in normal we will see the price is starting to blow up.

monineklutak

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Next year is the determinant of the price movement of Bitcoin, if this year the price of Bitcoin is stuck at $ 9000- $ 10000, then next year it might break resistance or dump into deeper support, of course we hope well to bitcoin

buwaytress

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Quote from: Jating on July 11, 2020, 08:35:25 AM

Yes, perhaps there are really a lot of traders or investors who haven't been here during the last halving in 2016. So they really anticipated a huge jump in price. this 2020. But it doesn't work that way, there are too much economics that need to be satisfied first before the price goes on a bull run.

Yeah, but I was referring to the point about veteran miners who, by definition, should have been here at least during the last halving. Even if not, veteran implied they're good enough to look at historic charts.

Quote from: Jating on July 11, 2020, 08:35:25 AM

There's so much news about those countries, and maybe we can include Venezuela as well.

A lot going on but little to do with Bitcoin itself, to be fair. Lot of it is speculation.

Jating

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Quote from: buwaytress on July 10, 2020, 04:23:26 AM

Quote from: Janation on July 09, 2020, 04:35:05 AM

I thought Bitcoin's price will fall down after halving but it didn't.

Maybe we can say that the reason why the price of Bitcoin is staying at $9K is that there are a lot of people in India increasing the dominance of it while we are in the pandemic. People are scared because they thought that it will fall though I don't think there are a lot of people that invested there too. But some articles said that the people investing in cryptocurrencies there are increasing.

I do agree that it will increase and I am not really affected when it falls down since I know it will just go back quickly.

That's okay. A lot of people thought it would go up and it didn't either. To be fair, I think more people were disappointed by the lack of post halving action, but really, price was never meant to go up that much after halving, every past event needed months for the volume reaction.

Yes, perhaps there are really a lot of traders or investors who haven't been here during the last halving in 2016. So they really anticipated a huge jump in price. this 2020. But it doesn't work that way, there are too much economics that need to be satisfied first before the price goes on a bull run.

Quote from: buwaytress on July 10, 2020, 04:23:26 AM

Don't know about India but in dollarised Lebanon and Argentine demand has never been higher. Bitcoin due some recognition there!

There's so much news about those countries, and maybe we can include Venezuela as well.

EdenHazard

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Quote from: DoublerHunter on July 07, 2020, 04:19:58 PM

Quote from: EdenHazard on July 07, 2020, 02:07:19 PM

~snip~
I'm expecting to see the bitcoin price get dropped 10 to 20% in the next few weeks.

$7.5k is a fair price though considering the current world economic collapses , the market must be frustrated .

^ I will respect your opinion even though I am against this prediction.
I don't see any correlation between economic collapse and the bitcoin dominance, even during the pandemic bitcoin price shows a good improvement of the price that was I am expecting it will down too much because people need cash for their daily necessities. But I was wrong, I saw that bitcoin dominance slowly rising up despite the pandemic. Nevertheless, we are opposite here, I have a feeling that bitcoin this month will break again the $10k price in the market, I am very optimistic.

Well let's just see.

Some of large amount money from the expired cme future contract has taken place to shaking the market wit its volatility to going up 1 to 5% quickly and so do to going down 1 to 5% .
We all have witnessed these since few weeks ago.

What else could be expected? They'll get tired.
The signs are pretty clear to me , the altcoin price getting up high and higher like its a bubble, I'm sure it is.

el kaka22

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The drop is not really cool I know, from $9.4k levels to $9.1k levels is not a good move and doesn't look to be suggesting bull run at all. At the end of the day we are not going to know whats going to happen until it happens, it is going to be a tough few weeks once again, it is hard to be in this middle section where it is not going any direction at all.

Hopefully we are going to see that change one day, and hopefully that will be soon. You can't just expect bitcoin to be stable and stay at around 9-10k range forever right? It has to go down or go up eventually and when that moment comes we are going to see a lot of people trading once again. Lets hope that times comes quickly because a lot of people are bored once again. This resembles late 2018 once again when everyone just got super tired of the same numbers and stopped trading.

matchi2011

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Quote from: Hypnosis00 on July 10, 2020, 05:20:29 AM

I keep optimistic even though the chances are not tin but I wasn't thinking that it makes a huge jump seeing another ATH, it probably not this year, not even next year, yet it comes soon (nobody knows). If given a chance that it surpasses $10k this year it actually a big in disguise knowing how hard we are about today.

Probably not this year, there are lots of things that investors and traders are considering not only if there are flows of investment
that comes up and start building barriers from time to time. The market volatilities still influencing how
investors will make a trade, there are short termers and long holders, it's about how you believe and what's
your projections to what future will bring to this industries.

Hypnosis00

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I keep optimistic even though the chances are tin but I wasn't thinking that it makes a huge jump seeing another ATH, it probably not this year, not even next year, yet it comes soon (nobody knows). If given a chance that it surpasses $10k this year it actually a big in disguise knowing how hard we are about today. We are still in the fight against the virus, things that it most likely affects the market behavior, and surely we still experiencing the same scenario in the coming days.

Maybe we all see's and feel how hard we move after a long bearish since last year. We are happy for the halving but things we can just rely upon and think the massive impact it could be. Somewhat we are unlucky this time as the pandemic hits us.

buwaytress

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Quote from: Janation on July 09, 2020, 04:35:05 AM

I thought Bitcoin's price will fall down after halving but it didn't.

Maybe we can say that the reason why the price of Bitcoin is staying at $9K is that there are a lot of people in India increasing the dominance of it while we are in the pandemic. People are scared because they thought that it will fall though I don't think there are a lot of people that invested there too. But some articles said that the people investing in cryptocurrencies there are increasing.

I do agree that it will increase and I am not really affected when it falls down since I know it will just go back quickly.

That's okay. A lot of people thought it would go up and it didn't either. To be fair, I think more people were disappointed by the lack of post halving action, but really, price was never meant to go up that much after halving, every past event needed months for the volume reaction.

Don't know about India but in dollarised Lebanon and Argentine demand has never been higher. Bitcoin due some recognition there!

Janation

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Quote from: DoublerHunter on July 07, 2020, 04:19:58 PM

Quote from: EdenHazard on July 07, 2020, 02:07:19 PM

~snip~
I'm expecting to see the bitcoin price get dropped 10 to 20% in the next few weeks.

$7.5k is a fair price though considering the current world economic collapses , the market must be frustrated .

^ I will respect your opinion even though I am against this prediction.
I don't see any correlation between economic collapse and the bitcoin dominance, even during the pandemic bitcoin price shows a good improvement of the price that was I am expecting it will down too much because people need cash for their daily necessities. But I was wrong, I saw that bitcoin dominance slowly rising up despite the pandemic. Nevertheless, we are opposite here, I have a feeling that bitcoin this month will break again the $10k price in the market, I am very optimistic.

I thought Bitcoin's price will fall down after halving but it didn't.

Maybe we can say that the reason why the price of Bitcoin is staying at $9K is that there are a lot of people in India increasing the dominance of it while we are in the pandemic. People are scared because they thought that it will fall though I don't think there are a lot of people that invested there too. But some articles said that the people investing in cryptocurrencies there are increasing.

I do agree that it will increase and I am not really affected when it falls down since I know it will just go back quickly.

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DoublerHunter

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Quote from: EdenHazard on July 07, 2020, 02:07:19 PM

~snip~
I'm expecting to see the bitcoin price get dropped 10 to 20% in the next few weeks.

$7.5k is a fair price though considering the current world economic collapses , the market must be frustrated .

^ I will respect your opinion even though I am against this prediction.
I don't see any correlation between economic collapse and the bitcoin dominance, even during the pandemic bitcoin price shows a good improvement of the price that was I am expecting it will down too much because people need cash for their daily necessities. But I was wrong, I saw that bitcoin dominance slowly rising up despite the pandemic. Nevertheless, we are opposite here, I have a feeling that bitcoin this month will break again the $10k price in the market, I am very optimistic.

EdenHazard

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Quote from: Janation on July 06, 2020, 08:29:44 PM

Quote from: judaspriest on July 06, 2020, 10:26:14 AM

Quote from: XCANA on July 06, 2020, 04:26:57 AM

Quote from: kesmex on July 05, 2020, 02:37:44 PM

yes !, I still strongly believe there will be a big upward movement to come, although this market direction is still not good, and it is reportedly going to $ 8500, I still believe that BTC can survive at $ 9,000

Don't forget that, bitcoin has a possibility of going down below $7.5k if the current movement of Bitcoin continues this very months, according to some analysis from reputable bitcoin fans and enthusiasts: the downtrend of Bitcoin is inevitable. Take a careful look at it behavior show's that, if bitcoin break it resistance at $8.8k then we should be expecting downward movement to $7.5k as it lowest. Although, we all hope to see a big turn around for a big movement for us to take our profits.

hopefully not down to $ 7500, what will happen to altcoin if the price of Bitcoin to $ 7500? it worries me because I currently hold altcoin

So what if it falls down under $7500?

It is the best time for us to reinvest, for people that are waiting for this price change so they can invest. If the price fell at that price, obviously people will not be selling but will be quickly buying since people might not be able to see this price again in the near future. We might see price over $10K if the price dumps since it might be a sign being waited by everyone.

I would go for margin trading and get 10k usd worth altcoin such as tezos or something, i have done it before and get some decent profit when bitcoin price falls so do with altcoin fall even worse lower.

I'm expecting to see the bitcoin price get dropped 10 to 20% in the next few weeks.

$7.5k is a fair price though considering the current world economic collapses , the market must be frustrated .

Janation

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Quote from: judaspriest on July 06, 2020, 10:26:14 AM

Quote from: XCANA on July 06, 2020, 04:26:57 AM

Quote from: kesmex on July 05, 2020, 02:37:44 PM

yes !, I still strongly believe there will be a big upward movement to come, although this market direction is still not good, and it is reportedly going to $ 8500, I still believe that BTC can survive at $ 9,000

Don't forget that, bitcoin has a possibility of going down below $7.5k if the current movement of Bitcoin continues this very months, according to some analysis from reputable bitcoin fans and enthusiasts: the downtrend of Bitcoin is inevitable. Take a careful look at it behavior show's that, if bitcoin break it resistance at $8.8k then we should be expecting downward movement to $7.5k as it lowest. Although, we all hope to see a big turn around for a big movement for us to take our profits.

hopefully not down to $ 7500, what will happen to altcoin if the price of Bitcoin to $ 7500? it worries me because I currently hold altcoin

So what if it falls down under $7500?

It is the best time for us to reinvest, for people that are waiting for this price change so they can invest. If the price fell at that price, obviously people will not be selling but will be quickly buying since people might not be able to see this price again in the near future. We might see price over $10K if the price dumps since it might be a sign being waited by everyone.

Cherylstar86

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Quote from: osasshem on July 06, 2020, 03:18:41 PM

Bitcoin hitting a new height this year was something everyone would have expected to be before the year runs out. As at now, the economic hold down on all round the world being affected by corona, bitcoin surge to a new height will not be completely attained. This does not really stop the rise in the price of bitcoin, but it getting above 2017 height is not really attainable until the ecomy of every nation bounce back to its feet.

The history of bullrun is somehow an inspiration to all of us who decided to hold bitcoin for such a long time. Though we're still at very tough times, never lose hope and courage to face those challenges behind us. We will survive this current pandemic, and one day bitcoin price recovery dominates the marketplace again.

ReiMomo

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Quote from: slapper on July 06, 2020, 04:45:13 AM

I do agree with you. I also see the same opportunity that bitcoin will soon rise to $15000 in a month. However, I believe that the main reason why bitcoin is still under $10000 is that whales and big boys are collecting as many bitcoin as they can. While the price is still under $10000, its a great chance for them to accumulate bitcoin and ether in order to maximize the profit. Many news and analysis have pointed out that bitcoin will soon be back to $20000. Sadly, we still dont know which date it will be. Right now is a chance for us to store bitcoin with a pretty cheap price

Can you support any technical analysis on this, it's quite very optimistic for me.

I have doubt that there is a big rally on bitcoin price on this 3rd quarter of the year because most likely news headlines and the very hot issue is about PayPal adopting bitcoin as a form of payment. Due to a large number of PayPal users, it's quite good to know that there I guess a huge impact on bitcoin price that makes the dominance will raise. But I don't think so we will break again the $10k price within this month, nobody knows.

I don't have FOMO in bitcoin and I know there would be a mass adoption because this recently happened the pandemic case, which avoids physical contact and digital payments are very important, bitcoin belongs to that option.

Topic: Anyone else see a big bitcoin upwards movement coming very soon? (Read 772 times)