It's very natural for us to find in the crypto market, let alone a 10% increase in Bitcoin in one day,
yes, because of good news of course, because good news greatly affects the price of Bitcoin, but remember,
it's not just a 10% increase, but a 10% decrease. % can also be done by Bitcoin, so my advice you should be careful.
Topic: Bitcoin 10% increase in a day - why? (Read 752 times)
The market will move alot after a period of decline, alot of the move is recovery of value lost prior. One big reason is shorts being closed will result in BTC being bought, it tends to be a sharp effect because people who relied on price falling now are part of its bullish rise.
Right, and that's why it's really hard to go against the market. Daily traders who short bitcoin are going to get REKT in a recovery phase. Like what we've seen in October, wherein we have a massive spike in prices.
Right now we going sideways alot, its not a harsh decline but generally I'd say this is neutral to negative decline. If we suddenly get good news, all the people who foresaw weakness will have to rebuy to be involved again
We are in the middle ground again, although both forces are pulling against each other, there is no clear winner, hence the market is moving sideways. Others see this as a good indication that we might see another imminent break out in the future. And so this could be another great opportunity to buy in an get themselves involved in the market again, the sooner the better.
The market will move alot after a period of decline, alot of the move is recovery of value lost prior. One big reason is shorts being closed will result in BTC being bought, it tends to be a sharp effect because people who relied on price falling now are part of its bullish rise.
Right now we going sideways alot, its not a harsh decline but generally I'd say this is neutral to negative decline. If we suddenly get good news, all the people who foresaw weakness will have to rebuy to be involved again
At a price of nearly 65k as of right now, I would not say that it is a negative decline. It is definitely not a positive incline neither, but not a negative one. I agree that it is sideways and that is good enough for all of us. We should aim at just being happy with what we have and do not worry about sideways. Sure we reached 67k+ levels and that is why around 65k may look like a negative one to you, but to most people that is something that we are fine with.Right now we going sideways alot, its not a harsh decline but generally I'd say this is neutral to negative decline. If we suddenly get good news, all the people who foresaw weakness will have to rebuy to be involved again
This is why we should not be saying things like it is doing negative and we need a good news and people are shorting because most of them are not true with the data we have and the price we are at right now.
The market will move alot after a period of decline, alot of the move is recovery of value lost prior. One big reason is shorts being closed will result in BTC being bought, it tends to be a sharp effect because people who relied on price falling now are part of its bullish rise.
Right now we going sideways alot, its not a harsh decline but generally I'd say this is neutral to negative decline. If we suddenly get good news, all the people who foresaw weakness will have to rebuy to be involved again
Right now we going sideways alot, its not a harsh decline but generally I'd say this is neutral to negative decline. If we suddenly get good news, all the people who foresaw weakness will have to rebuy to be involved again
Pretty normal to see this kind of action inside the market, there are people who wanted to see these in order to place their entry while others already experienced good gains who are part of short decline, cashing out profits and now waiting for another good entry position to repeat the rinse that's being done.
Short-term traders are good at understanding the flow, they keep on getting good compensations each time they participate with their trades.
The direction is still normal, that correction can provide a strong barrier and we might see another good momentum to gain back the bullish trend.
The market will move alot after a period of decline, alot of the move is recovery of value lost prior. One big reason is shorts being closed will result in BTC being bought, it tends to be a sharp effect because people who relied on price falling now are part of its bullish rise.
Right now we going sideways alot, its not a harsh decline but generally I'd say this is neutral to negative decline. If we suddenly get good news, all the people who foresaw weakness will have to rebuy to be involved again
Right now we going sideways alot, its not a harsh decline but generally I'd say this is neutral to negative decline. If we suddenly get good news, all the people who foresaw weakness will have to rebuy to be involved again
I guess haven't seen this in quite a while. I was planning to buy some BTC if it hits around $30k but it didn't give me a chance. This time it looks different price only slightly down at 45k$-47k$ support and now BTC price has reached 55k$ yesterday actually I missed buying cheap BTC again and now the price is slowly recovering. I have read a lot of news saying that according to some major analysts speculation maybe BTC price by the end of this year will reach as high as 70k $.
Most likely it has everything to do with US Securities and Exchange Commission ( SEC) giving the green light towards the bitcoin ETF which was a journey that was started several years ago by the winklevoss bothers and achieving this today is a milestone and one for the history books. Can't wait to see these 100 thousand predictions and million to start showing up.
This thread was created before that ETF situation that we do have now on which the price of $62,757.13 which is almost reaching its previous ATH and this had been the reason most like but talking on events on where op had mentioned or pertaining about then this is something totally in random because even if we do have negative sentiments around it doesnt really give out guaranteed
effects whether it do goes down or like that.
10% movement is just an ordinary day and honestly these are the times i do love the most on where as an active trader, you could really make out some nasty short term profits
but if you are a hodler then this wont really be an issue.
The 10% increase that the OP was talking about has nothing to do about this recent approval of SEC regarding Bitcoin ETF. But in any case, that price movement is only normal in this market, we can really see that in a daily basis, this is why a lot of people are being attracted to bitcoin because of this price volatility. Anyway, expect that we may see further increase as this approval of bitcoin ETF has already started. And that means, more trust from the users even newcomers will find a way how to get involved in this market.
Most likely it has everything to do with US Securities and Exchange Commission ( SEC) giving the green light towards the bitcoin ETF which was a journey that was started several years ago by the winklevoss bothers and achieving this today is a milestone and one for the history books. Can't wait to see these 100 thousand predictions and million to start showing up.
This thread was created before that ETF situation that we do have now on which the price of $62,757.13 which is almost reaching its previous ATH and this had been the reason most like but talking on events on where op had mentioned or pertaining about then this is something totally in random because even if we do have negative sentiments around it doesnt really give out guaranteed
effects whether it do goes down or like that.
10% movement is just an ordinary day and honestly these are the times i do love the most on where as an active trader, you could really make out some nasty short term profits
but if you are a hodler then this wont really be an issue.
Most likely it has everything to do with US Securities and Exchange Commission ( SEC) giving the green light towards the bitcoin ETF which was a journey that was started several years ago by the winklevoss bothers and achieving this today is a milestone and one for the history books. Can't wait to see these 100 thousand predictions and million to start showing up.
There was a big new interest in the 2021 year that is true. On top of that there were too many people who made money as well. The best way to do marketing for crypto is the people who made a ton of money and then they will end up with something that will make a profit for you as well if the other people make some profit. There is actually no correlation and unfortunately people do not realize that, if someone made a profit in the crypto then it makes them feel like they could make a profit from crypto as well.
I do not understand how they get in but they got in anyway. I believe that we should be basically telling people that they can't make a profit like others did because they were in the right time and if you got in at the exact right time and do the right thing then you could make a super amount of money but that doesn't mean that you will be making the same profit like them. In any case we have more people and that is a good reason to see bitcoin go up.
Mate, the rise in the price of bitcoin after the dump in mid-April to the end of September is the support that all investors and traders have been waiting for. Bitcoin has managed to make a new history of “ATH” in April but the storm came suddenly and has brought the price down. The demand for bitcoin has picked up again during October and this has opened up hope for us to see the price match the April ATH price. Don't know what the main factor is, but bitcoin's future potential is the basis why people believe it. I do not understand how they get in but they got in anyway. I believe that we should be basically telling people that they can't make a profit like others did because they were in the right time and if you got in at the exact right time and do the right thing then you could make a super amount of money but that doesn't mean that you will be making the same profit like them. In any case we have more people and that is a good reason to see bitcoin go up.
Bitcoin gained more interest as we have seen it, and with people who see opportunities, they grab it and put their investment inside. With that action, supply and demand triggered, and it's normal inside trading when there are lots of buyers and holders. The value will pump and so far we just don't see a temporary pump after this thread but a continuous market strong movement.
There are many chances that it will go for more and it can hit or trigger new time high once this strong run gained more support from traders and investors who also seen big opportunities.
There was a big new interest in the 2021 year that is true. On top of that there were too many people who made money as well. The best way to do marketing for crypto is the people who made a ton of money and then they will end up with something that will make a profit for you as well if the other people make some profit. There is actually no correlation and unfortunately people do not realize that, if someone made a profit in the crypto then it makes them feel like they could make a profit from crypto as well.There are many chances that it will go for more and it can hit or trigger new time high once this strong run gained more support from traders and investors who also seen big opportunities.
I do not understand how they get in but they got in anyway. I believe that we should be basically telling people that they can't make a profit like others did because they were in the right time and if you got in at the exact right time and do the right thing then you could make a super amount of money but that doesn't mean that you will be making the same profit like them. In any case we have more people and that is a good reason to see bitcoin go up.
bitcoin continues to increase in recent times as many countries have started adopting bitcoin among the countries of El Salvador and venezula. no need to wonder why bitcoin continues to increase until it reaches 10% per day. countries have realized that bitcoin is a future digital asset that is in great demand. now bitcoin has entered the highest first rank than other assets.
Bitcoin gained more interest as we have seen it, and with people who see opportunities, they grab it and put their investment inside. With that action, supply and demand triggered, and it's normal inside trading when there are lots of buyers and holders. The value will pump and so far we just don't see a temporary pump after this thread but a continuous market strong movement.
There are many chances that it will go for more and it can hit or trigger new time high once this strong run gained more support from traders and investors who also seen big opportunities.
This increase occurs due to the inauguration of the U.S. Infrastructure Bill and currently in one of the largest banks in the U.S. already storing crypto assets is certainly very extraordinary and will have a big impact on the value of bitcoin and altcoins of course, and in the future the increase that occurs will pass the current 10% mark and is currently slightly hampered due to news of the ban on using crypto transactions in China, China. But it's not too much we care because in the last year they also made negative news but it only lasted a moment later the value of bitcoin again increased.
It is still uncertain, might it gives some impact on the price but I don't think that is only the reason for this price surge. But all I can say is that we're glad to have this momentum despite the FUDs and news coming from China. The market stood still stronger and what we've seen this time is a sign that we're moving upward and the demand is increasing. Having this uptrend motion, we can expect that there is another ATH that comes within this year.
Sometimes we can say like investor's interest increase, so just because of this we have this good increase in very quickly. And few countries have good news about bitcoin, this is also good case for this.
bitcoin continues to increase in recent times as many countries have started adopting bitcoin among the countries of El Salvador and venezula. no need to wonder why bitcoin continues to increase until it reaches 10% per day. countries have realized that bitcoin is a future digital asset that is in great demand. now bitcoin has entered the highest first rank than other assets.
This increase occurs due to the inauguration of the U.S. Infrastructure Bill and currently in one of the largest banks in the U.S. already storing crypto assets is certainly very extraordinary and will have a big impact on the value of bitcoin and altcoins of course, and in the future the increase that occurs will pass the current 10% mark and is currently slightly hampered due to news of the ban on using crypto transactions in China, China. But it's not too much we care because in the last year they also made negative news but it only lasted a moment later the value of bitcoin again increased.
It is still uncertain, might it gives some impact on the price but I don't think that is only the reason for this price surge. But all I can say is that we're glad to have this momentum despite the FUDs and news coming from China. The market stood still stronger and what we've seen this time is a sign that we're moving upward and the demand is increasing. Having this uptrend motion, we can expect that there is another ATH that comes within this year.
Sometimes we can say like investor's interest increase, so just because of this we have this good increase in very quickly. And few countries have good news about bitcoin, this is also good case for this.
just look at the chart:
every time the bitcoin price drops to a strong support and cannot make the price fall below this support, it starts to rise a lot until it reaches a very strong resistance and when it cannot break this very strong resistance the price starts to fall a lot until that it achieves very strong support, this has been happening for years. don't have any surprises
If i may ask you what is really the cause of it not been constant for it movement? Actually it normally rise abd fall, from my observation i understand that the only thing that causes this kind of movement is due to the relationship of cryptocurrency especially bitcoin with the marketcap, since i know notice what is bitcoin, it never be stagnant in price and it future of price movement is determine by the total numbers of demands, so when the demand is higher than the supply the price began to accelerate with higher potential, so the summary of volatility is base on the market.every time the bitcoin price drops to a strong support and cannot make the price fall below this support, it starts to rise a lot until it reaches a very strong resistance and when it cannot break this very strong resistance the price starts to fall a lot until that it achieves very strong support, this has been happening for years. don't have any surprises
I'll explain better:
if the resistance is at $55000 for example, when this resistance is broken the price will start to increase a lot until it reaches another big resistance so that it has reversal and falls, the same happens when the price starts to drop a lot. until a few months the price could not break the $55000 then it fell a lot to $29000 and as it could not break the 29000$ it started to rise a lot and will only fall if it does not manage to break another great resistance, of course in the middle of that the good news impact the rise or fall of price, with speculation of a possible approval of bitcoin ETF the price is increasing a lot
just look at the chart:
every time the bitcoin price drops to a strong support and cannot make the price fall below this support, it starts to rise a lot until it reaches a very strong resistance and when it cannot break this very strong resistance the price starts to fall a lot until that it achieves very strong support, this has been happening for years. don't have any surprises
If i may ask you what is really the cause of it not been constant for it movement? Actually it normally rise abd fall, from my observation i understand that the only thing that causes this kind of movement is due to the relationship of cryptocurrency especially bitcoin with the marketcap, since i know notice what is bitcoin, it never be stagnant in price and it future of price movement is determine by the total numbers of demands, so when the demand is higher than the supply the price began to accelerate with higher potential, so the summary of volatility is base on the market.every time the bitcoin price drops to a strong support and cannot make the price fall below this support, it starts to rise a lot until it reaches a very strong resistance and when it cannot break this very strong resistance the price starts to fall a lot until that it achieves very strong support, this has been happening for years. don't have any surprises
this just makes no sense for most people now, even the chart formed from a sentiments so yeah... is that institutions making move trying to fool us?
It's good news to us that we are near to see another all-time high and I know it is near to happen and maybe within this year.
Maybe because of the wide adoption that happens and a lot of countries taking steps into bitcoin and begun legalizing it or as a legal tender. That is the reason why bitcoin now plunged too much in the market because of the widespread adoption and maybe the trend will continue and until it will create a new all-time high in the future and maybe this year. In a long term, bitcoin is always a good investment.
Maybe because of the wide adoption that happens and a lot of countries taking steps into bitcoin and begun legalizing it or as a legal tender. That is the reason why bitcoin now plunged too much in the market because of the widespread adoption and maybe the trend will continue and until it will create a new all-time high in the future and maybe this year. In a long term, bitcoin is always a good investment.
just look at the chart:
every time the bitcoin price drops to a strong support and cannot make the price fall below this support, it starts to rise a lot until it reaches a very strong resistance and when it cannot break this very strong resistance the price starts to fall a lot until that it achieves very strong support, this has been happening for years. don't have any surprises
If i may ask you what is really the cause of it not been constant for it movement? Actually it normally rise and fall, from my observation i understand that the only thing that causes this kind of movement is due to the relationship of cryptocurrency especially bitcoin the marketcap, since i notice what is bitcoin, it never be stagnant in it's price and it future of price movement is determine by the total numbers of demands, so when the demand is higher than the supply the price began to accelerate with higher potential, so the summary of volatility is base on the market. every time the bitcoin price drops to a strong support and cannot make the price fall below this support, it starts to rise a lot until it reaches a very strong resistance and when it cannot break this very strong resistance the price starts to fall a lot until that it achieves very strong support, this has been happening for years. don't have any surprises
[snip]
For me FOMO will set in again if we are going to break that next round numbers which is $60k.
Well I don't think so, so it means it will create again another ATH within this year. I have doubt that this will not happen.For me FOMO will set in again if we are going to break that next round numbers which is $60k.
Bitcoin price could stay in the range of $50k but I have doubt it will not surpass that price, because as I can see when bitcoin goes up there will be an opposite direction, it could be dropped and it takes a week before it will recover. If the level resistance will reached even the price of $55k, therefore I can consider that this prediction will happen.
Bitcoin has been steadily falling the last month... Today, it popped over 10%.
What do you think changed?
*China ban banning crypto
*October?
*Delaying the damaging US Infrastructure Bill that is set to ban cryptocurrency software development, cryptocurrency mining, make sending >$10k a felony without getting recipients SS# etc and many other Bitcoin restrictions? P.S. Contact Congress.
In my opinion, this is all directly attributable to the US Infrastructure bill that has massive implications for the industry. If it passes, this will have cascading impacts worldwide as other countries adopt similar measures to the US. China officially banning Bitcoin seemed to have no directly attributable impact, because I think that was already priced in. It being October seems unlikely that it would pop like this in a day.
What is your opinion?
What do you think changed?
*China ban banning crypto
*October?
*Delaying the damaging US Infrastructure Bill that is set to ban cryptocurrency software development, cryptocurrency mining, make sending >$10k a felony without getting recipients SS# etc and many other Bitcoin restrictions? P.S. Contact Congress.
In my opinion, this is all directly attributable to the US Infrastructure bill that has massive implications for the industry. If it passes, this will have cascading impacts worldwide as other countries adopt similar measures to the US. China officially banning Bitcoin seemed to have no directly attributable impact, because I think that was already priced in. It being October seems unlikely that it would pop like this in a day.
What is your opinion?
Usually, October is the month of bears, but this is actually an opportunity, common terms like FOMO or FUD may be the reason behind the 14% pump, also, a lot of Bitcoin enthusiasts were also predicting the pump of Bitcoin's value as October starts, no specific reason though but I am sure that there are multiple reasons, and the common terms I mentioned earlier could definitely be the reason as well.
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