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Topic: Bitcoin Analyses - page 2. (Read 289 times)

hero member
Activity: 3010
Merit: 794
December 07, 2023, 12:13:38 PM
#8
Waiting and watching the market is not the best thing to do right now, especially, if you don't have any bitcoin, but if you have been able to accumulate some significant amount, then you can watch the market and hodli you bitcoin because by now you will have made some profit and this will motivate you to wait till the bull run to see the new ATH price of bitcoin.

This is still a good time to buy because from the look of the news on bitcoin price, it will even trigger more people to start buying due to FOMO. We are close to the halving and after the halving is the bull run, that is why I see this as an opportunity to buy because we might not see bitcoin on the price again. Whoever did not buy now might not be able to buy again, because he will keep on seeing the price of bitcoin too high to buy. It is better to be a low coiner than a no coiner.
This is what im really trying to avoid on which you would really be having that kind of behavior that you do often do make out some checks when it comes to price on which we know that the market is volatile on the first place on which means that there's no way that you could really be able to know on where it would really be heading next. If you are really that seeing Bitcoins potential and possibility of those huge spike in price
in the future then its not bad to make out some decision on making some investment into it but just like been said that even just holding your assets here on crypto space would really be a touch challenge.

When it comes to technical approach in regarding on the price, it isnt something that could be precise most of the time. There would into those people who are really that
relying with those analysis and there are ones who would be skeptical. It would be just entirely be depending on how you would really be dealing up into this market.
We can make our own analysis and on how we do really be that handling ourselves into this market.
newbie
Activity: 53
Merit: 0
December 07, 2023, 11:30:44 AM
#7
Be ready for dump ♥️
sr. member
Activity: 1204
Merit: 253
Undeads.com - P2E Runner Game
December 07, 2023, 04:53:39 AM
#6
I saw someone posted on Twitter and said many traders went long at 44k and would be liquidated at 40k so I think BTC will still go down to 40k and then go up again, maybe he is using a paid feature to see data like that.
and I saw he always entered with hundreds of thousands of dollars.
hero member
Activity: 896
Merit: 586
Leading Crypto Sports Betting & Casino Platform
December 07, 2023, 03:26:39 AM
#5
Waiting and watching the market is not the best thing to do right now, especially, if you don't have any bitcoin, but if you have been able to accumulate some significant amount, then you can watch the market and hodli you bitcoin because by now you will have made some profit and this will motivate you to wait till the bull run to see the new ATH price of bitcoin.

This is still a good time to buy because from the look of the news on bitcoin price, it will even trigger more people to start buying due to FOMO. We are close to the halving and after the halving is the bull run, that is why I see this as an opportunity to buy because we might not see bitcoin on the price again. Whoever did not buy now might not be able to buy again, because he will keep on seeing the price of bitcoin too high to buy. It is better to be a low coiner than a no coiner.
legendary
Activity: 1596
Merit: 1288
December 07, 2023, 03:08:28 AM
#4
The bitcoin is in a rally this week as it surpassed the 40k$ mark. But its safe to stay calm and analyse the market well rather that being fomo and taking risky and stupid decitions. There is a resistance at 41k$ - 42k$ mark. There can also be a correction again and also there is a CME gap at 40k$ mark. So keep an eye on those key levels and points. Manage your risks and money always.
This is not accurate, as breaking $43,860 and continuing to stay above this level will lead to us reaching the value of $50,000 easily, with correction levels at $48,700 in the worst case scenario.
So far, the upward trend is prevailing, which is supported by indicators such as the Relative Strength Index (RSI) and the Awesome Oscillator (AO), which indicates that investors still believe that the price may move positively, so staying above the $43,860 is what will confirm this trend.

sr. member
Activity: 882
Merit: 457
December 07, 2023, 01:06:22 AM
#3
Because the price has risen quite high, usually there will be a correction afterwards but so far there has been no correction and the price is still consistently rising. In my opinion, the DCA method can be done because there is a possibility that Bitcoin will continue to rise until it approaches 50k.

At times like this it is difficult to make choices, buy now afraid of a big correction, don't buy afraid of going up until it reaches a new ATH. Halvings and ETFs are big news that can affect market sentiment. However, we must be careful in making decisions and understand the risks we will face, DCA remains the best for now so that we do not miss this moment.
sr. member
Activity: 686
Merit: 332
December 07, 2023, 12:35:44 AM
#2
True. Decisions should be made with all factors in mind. Just because the price seems bullish doesn't mean we should just make decisions without proper analysis.
But for those planning or thinking of buying Bitcoin and holding it for a long time, I'd advise they buy it now.
As you said, there's a possibility that there might be resistance at $41k - $42k (even though it's at $44k now), which means that could also be the lowest it would get, so it's better to just buy now instead of waiting and hoping for the price to drop because, in my opinion, it won't.

I don't think the Bitcoin price will go below $40k  and this is me not being too optimistic. We're in a bull run that is heading towards events that would push the price up even further. The bitcoin spot ETF might have a positive effect on price but not as much as the next Bitcoin halving.

So for now, I guess it's okay to apply caution, but we should also be ready to take some calculated risk. As long as you risk what you can afford to lose you'll be good
newbie
Activity: 23
Merit: 0
December 04, 2023, 11:35:41 AM
#1
The bitcoin is in a rally this week as it surpassed the 40k$ mark. But its safe to stay calm and analyse the market well rather that being fomo and taking risky and stupid decitions. There is a resistance at 41k$ - 42k$ mark. There can also be a correction again and also there is a CME gap at 40k$ mark. So keep an eye on those key levels and points. Manage your risks and money always.
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