Topic: Anyone else see a big bitcoin upwards movement coming very soon? - page 4. (Read 772 times)

Ah. I couldn't even count how many times I've already seen the "last time to buy bitcoin under X" statement. And you know what happened? Those lows have been broken every single time.

What I'd say is, continue increasing your bitcoin stack, and just enjoy the roller-coaster ride regardless how high and low it goes. Because trust me when I say that no one knows what's going to happen with the price.

Though I'd at least give you a bit of props for having an actual theory on why you think the prices will go up, rather than making a bland and empty post.

miners selling is not down, they are still selling their coins as before since they have the same costs including electricity bill as before. what has been "down" is the number of coins that miners have to sell which is expected as they are now earning 50% less than before and it is a big contributor to the overall decrease of sell pressure on the market as a whole.

first of all that would never affect bitcoin price. and secondly if you check the shitcoin, i mean altcoin market you will see that it is not true. the "stable coins" are going in and out of shitcoins that are being pumped and dumped every day specifically because bitcoin price is stable nowadays (for nearly 2 months) which is a pretty common thing for many years where traders migrate to altcoin market to pump and dump shitcoins.
right now 24 hour trading volume of tether is $5 billion higher than 24 hour trading volume of bitcoin. when bitcoin starts rising all that volume goes into dumping shitcoins and converting it to bitcoin. again tether doesn't come in during that process and won't affect bitcoin price.

i completely agree specially with bold part. bitcoin investors have always had the tendency to be uncertain every time price becomes stable like these days. they prefer waiting for a signal to jump in rather than accumulating at the bottom. that is why we see stable prices be followed by a big FOMO

Bitcoin has now been roughly in the 9000s for a month and a half now, establishing where it had been before the pandemic panic crash. I see news of miner selling being down, Grayscale buying up everything that is being mined since the halving (and since miner selling is down that means that one fund alone is buying up well more than all the newly minted bitcoin hitting the market these days, and bitcoin long term holding rising as well. There's also a ton of money the past few months just sitting in stable coins - likely people holding back waiting to see where the market will go.

Seems to me the only thing holding bitcoin's price back right now is short term bearish or more likely uncertain sentiment. Five digits has once again become a psychological level. As soon as traders stop taking profit every time bitcoin goes to high 9000's or low 10's I think we're gonna see Bitcoin shoot up by several thousand dollars in a period of a few weeks sometime this summer, very likely in July. A psychological dam has been building up and when it breaks we could see Bitcoin go from $10k to $15k in a month, and very possibly never go back down to four digits again. We know the money is sitting there waiting, institutional and retail investment in the market is way up compared to a year ago when it hit $13k, and of course new supply is halved. I think a summer monsoon is coming that might shock some people. Think we'll see over $15k in July or August before a pullback to perhaps $11k as we say goodbye to four digits forever this summer. The next step to the inevitable next exponential explosion in the market over the next couple of years.

Are you all seeing what I am seeing?