Bitcoin Analysis - What's coming Next?

mirakal

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Quote from: Lida93 on April 13, 2024, 03:03:48 PM

Quote from: ImThour on April 13, 2024, 03:16:20 AM

15-17% max drop down can be seen before we rally for the next ATH which I have predicted in 2022 itself. You can find my posts here on the forum.
Overall, it's a healthy correction incoming and similar stuff happened in the previous cycles too.

Bitcoin experiencing a 15-17% price drop is not what should trigger a disturbance among investors but should rather be taken as opportunity to buy more within the period of such percentage dip. Ultimately, this circle is going to blow a lot of minds, the unprecedented new ATH reached before halving is something that has never been in the history of previous circles and there are glaring reasons that triggered that effect, especially the bitcoin spot ETF. However, we are all working base on speculations buy what's important within all of these speculations is that after all the lows and highs the bullrun is inevitable consistent to bitcoin 4 years circle's.

Well, even if its price drops even more, that should not cause worrying on our part since we all know how volatile bitcoin is most especially that bitcoin halving is getting nearer, because at the end of the day, bitcoin will eventually move upward again just like how its history tells. Just like OP said, overall it’s a healthy correction anyway and that we should still continue to take advantage while bitcoin price is dropping drastically.

Bull run is certainly the ultimate goal after all of these. And as long as we never end up panic selling due to current price drops, we will still be eligible to get massive profits soon. Patience is the key.

Stablexcoin

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Quote from: pakhitheboss on April 14, 2024, 09:04:51 AM

I do feel it is a correction that Bitcoin is going through before halving, whereas the speculation is that Bitcoin fell due to the attack by Iran on Israel. Another speculation is trending: it is the beginning of the third WW. I strongly do not believe in such speculations but I believe Bitcoin will lose another 20 to 30 percent before halving as it was never expected that Bitcoin would create an ATH before the halving event. It turns out that due to the demand for Bitcoin ETF, we saw such a big leap in Bitcoin in price and due to the surging demand that has been caused due to US exchanges going red before the attack it is evident we will see a big dump on Monday.

It's kind of confusing because this correction started before the news of the war. I doubt that it is because of the sudden war that Bitcoin had seen a very high volatility yesterday. It was the highest volatility I have ever seen through this year. Am in support with you here! these specualtions are not clear.

I am a big fan of this thread so I will be checking here very often to see more analysis.

sheenshane

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Quote from: salad daging on April 14, 2024, 09:56:16 AM

About this speculation I don't fully believe there is any deeper correction then it will be considered reasonable to consider bitcoin volatility, yes now just be patient waiting for bitcoin to recover.

I tend to agree with this.

It might be just a coincidence about the war between Iran and Israel or it could be there's a small impact but I don't believe that's the main reason why Bitcoin price has a correction this time. IMO, it's pretty normal that there's a correction after hitting the top when the price surged to $70k.

People shouldn't worry about the correction but instead, use this as an advantage of having the DCA method for purchasing Bitcoin.

salad daging

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Quote from: pakhitheboss on April 14, 2024, 09:04:51 AM

I do feel it is a correction that Bitcoin is going through before halving, whereas the speculation is that Bitcoin fell due to the attack by Iran on Israel. Another speculation is trending: it is the beginning of the third WW. I strongly do not believe in such speculations but I believe Bitcoin will lose another 20 to 30 percent before halving as it was never expected that Bitcoin would create an ATH before the halving event. It turns out that due to the demand for Bitcoin ETF, we saw such a big leap in Bitcoin in price and due to the surging demand that has been caused due to US exchanges going red before the attack it is evident we will see a big dump on Monday.

Narratives are trending why bitcoin price is falling right now.

Before the halving: There will be a correction so this is often talked about but also little believed because looking at previous history it was so.
Iran vs Israel: This is a trigger but we only see news in X that is developing then this is the trigger.
WW3: Will start soon from the battle of middle east countries.

About this speculation I don't fully believe there is any deeper correction then it will be considered reasonable to consider bitcoin volatility, yes now just be patient waiting for bitcoin to recover.

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Quote from: SamReomo on April 13, 2024, 10:57:33 PM

Quote from: AnonBitCoiner on April 13, 2024, 03:28:45 PM

Every price in future is just an assumption and people are making such assumptions based on past halving so I think that the current dump is for sometime and it will increase more than 73k$ but it is not sure that will it happen before halving or after halving.

I think you have mistakenly posted your comment two times, I suggest you to delete the second one as it could cause troubles for you because when your campaign manager finds it or someone reports it then you may face issues.

Bitcoin has dumped to $63k values and now it's a major dump before halving event. Let's see how low it will go before halving and after halving how high it may reach. I believe it could dump even more because the huge investors want to dump the price of Bitcoin so they can accumulate more of it from the weak hands.

I think the dumping may still continue before the halving and not just because the halving is around the corner but with panic of war with the warning US gave that any assult on Israel is same to US. So this panic is capable to create an atmosphere of fear on investors who are likely going to be selling off and causing more panic so that more weak hands will let go of their coins and they could buy in again and ride for the bull. Well at this time there seem to be uncertainty created around the price now, Bitcoin was 70k yesterday and today 63k yet dropping.

pakhitheboss

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I do feel it is a correction that Bitcoin is going through before halving, whereas the speculation is that Bitcoin fell due to the attack by Iran on Israel. Another speculation is trending: it is the beginning of the third WW. I strongly do not believe in such speculations but I believe Bitcoin will lose another 20 to 30 percent before halving as it was never expected that Bitcoin would create an ATH before the halving event. It turns out that due to the demand for Bitcoin ETF, we saw such a big leap in Bitcoin in price and due to the surging demand that has been caused due to US exchanges going red before the attack it is evident we will see a big dump on Monday.

uneng

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Quote from: uneng on April 13, 2024, 03:41:20 PM

There are some negative factors in the world which can influence Bitcoin's price negatively, such as threats of war between Iran and Israel...

Well, the attack from Iran to Israel yesterday had instant impact over crypto market, crashing Bitcoin from 67,000$ to 61,700$ in a matter of 2 hours. The market got out of control for a while with many fearing and speculating a major crash, which thankfully didn't happen. As soon as Bitcoin crashed to the support level, it already started pumping once again to current rates of 64,000$. It was a decent recovery, and just confirm the previous trend which indicates it's going to remain stable inside 60,000$'s price range for now.

I don't think, however, it was a direct impact of the conflict. Rather, it must have been speculators trying to take advantage of the attack to manipulate the market, through encouraging investors to believe a major crash was coming, leading them to sell their holdings, so the whales could buy another batch of coins cheaper before the next ATH. Bitcoin didn't fall below the 60,000$ line, though, so the market calmed down and resumed the previous tendency.

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Quote from: AnonBitCoiner on April 13, 2024, 03:28:45 PM

Every price in future is just an assumption and people are making such assumptions based on past halving so I think that the current dump is for sometime and it will increase more than 73k$ but it is not sure that will it happen before halving or after halving.

I think you have mistakenly posted your comment two times, I suggest you to delete the second one as it could cause troubles for you because when your campaign manager finds it or someone reports it then you may face issues.

Bitcoin has dumped to $63k values and now it's a major dump before halving event. Let's see how low it will go before halving and after halving how high it may reach. I believe it could dump even more because the huge investors want to dump the price of Bitcoin so they can accumulate more of it from the weak hands.

AnonBitCoiner

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Quote from: SamReomo on April 13, 2024, 10:49:32 AM

You have done a good analysis and that's truly appreciatable. I believe we may see such dips before halving and maybe during halving event, but after that we may see another rally that may take Bitcoin's price to $80k or even more.

I know it's too early to speculate that where Bitcoin's price will move after halving but I'm pretty sure it will move towards up side because it's the bull run. I believe Bitcoin could cross $100k in this bull run and it may even cross $120k, but if your prediction of $170k becomes a reality then I'll be very happy.

Every price in future is just an assumption and people are making such assumptions based on past halving so I think that the current dump is for sometime and it will increase more than 73k$ but it is not sure that will it happen before halving or after halving.

Before every halving we examine dumping Conditions and is normal so if any one sell their bitcoin due to panic will make faulty decision of their life and many investors have already done this.

Investors have set higher goals and for it they have to wait more and should be in patience as 120k$ of worth will surely takes time. This will happen indeed but the accurate timing is unknown so be calm and see what's happening in future due to halving.

uneng

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Bitcoin looks pretty solid inside 60,000$'s price range for several days already, even considering we are facing a correction in price. I have the impression Bitcoin is reaching this halving stronger than ever, what means investors are heavily focused on it as an unique opportunity of making huge profit, what will inevitably boost its price to much superior price ranges around 80,000$ and 90,000$. People expecting deeper crashes in price might frustrate themselves and lose the opportunity of selling when Bitcoin skyrockets once again.

There are some negative factors in the world which can influence Bitcoin's price negatively, such as threats of war between Iran and Israel and even the escalation of conflict between Russia and the West. However, their impact over Bitcoin is still a mistery. On the other hand, in times like this we have gold investment adoption increasing in large proportions, what is a very positive indicator for Bitcoin, as when gold adoption rises, Bitcoin also does.

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Quote from: SamReomo on April 13, 2024, 10:49:32 AM

You have done a good analysis and that's truly appreciatable. I believe we may see such dips before halving and maybe during halving event, but after that we may see another rally that may take Bitcoin's price to $80k or even more.

I know it's too early to speculate that where Bitcoin's price will move after halving but I'm pretty sure it will move towards up side because it's the bull run. I believe Bitcoin could cross $100k in this bull run and it may even cross $120k, but if your prediction of $170k becomes a reality then I'll be very happy.

Every price in future is just an assumption and people are making such assumptions based on past halving so I think that the current dump is for sometime and it will increase more than 73k$ but it is not sure that will it happen before halving or after halving.

Before every halving we examine dumping Conditions and is normal so if any one sell their bitcoin due to panic will make faulty decision of their life and many investors have already done this.

Investors have set higher goals and for it they have to wait more and should be in patience as 120k$ of worth will surely takes time. This will happen indeed but the accurate timing is unknown so be calm and see what's happening in future due to halving.

darkangel11

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There are 2 main theories that people lean towards. The first one is that this cycle will continue the way other cycles did, so we'll have these 15-20% corrections and then push towards a new high and correct again and again go to a new high. The second theory is that this cycle is completely different and we won't get these 20% dips anymore. Personally, I'm leaning towards that second option. IMO we won't correct below 60% and will continue the rally until it's completely exhausted, but that will happen no sooner than in q3 of this year, more likely q4.

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We have been seeing the way of performance with the market recently and this is only to give and showcase on what to expect more on the market pump before the halving and what the likes may turn to after, just as we see the ongoing bullrun being followed by the rise and fall of the market, we can hardly predict if we may not experience more other subsequent bear during this season even as the market continue to pump, even if we have another new all time high, the bearish pattern remains inevitable and we continue with this till new once found that bitcoin has already hit a new all time high of $100,000 or more.

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Quote from: ImThour on April 13, 2024, 03:16:20 AM

15-17% max drop down can be seen before we rally for the next ATH which I have predicted in 2022 itself. You can find my posts here on the forum.
Overall, it's a healthy correction incoming and similar stuff happened in the previous cycles too.

Bitcoin experiencing a 15-17% price drop is not what should trigger a disturbance among investors but should rather be taken as opportunity to buy more within the period of such percentage dip. Ultimately, this circle is going to blow a lot of minds, the unprecedented new ATH reached before halving is something that has never been in the history of previous circles and there are glaring reasons that triggered that effect, especially the bitcoin spot ETF. However, we are all working base on speculations buy what's important within all of these speculations is that after all the lows and highs the bullrun is inevitable consistent to bitcoin 4 years circle's.

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Many say before / after the halving crash will definitely happen maybe this is because we see the market is down, not a problem because in this opportunity to buy without thinking because the historical cycle always looks bright so this is no different. You are right.

Just don't panic the rally will come. I have collected bitcoins that can be obtained in this bag, it needs continuous accumulation again because the decline will definitely take a long time, maybe a few not, but who knows right?

The important thing is that the target above $100K is more reasonable considering that before the price of bitcoin has touched $73K, it means that another 30% to $100K will not be heavy for bitcoin.

EluguHcman

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Then variably investors who held their Bitcoin til the current circle ATH is also inx ligns to had made profits. Although it also depends when they bought, how much was invested and how long they hodl before the ATH.

Interestingly everyone can also be ready to buy and accumulate more during the halving advisably buying on the DCA method while we are hoping to hit more profits during the bull run.

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Since we know how unpredictable bitcoin can be, it is important that we think both ways, although this is a 8p% accurate analysis and I commend you for the great time put in to ditch out this analysis of what might become of bitcoin from now until the halving and the emiminat bull market.

It's possible that we see dip in the market but certainly it won't be that significant that it will have high impact on the value on bitcoin before the next expected bull market.

SamReomo

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You have done a good analysis and that's truly appreciatable. I believe we may see such dips before halving and maybe during halving event, but after that we may see another rally that may take Bitcoin's price to $80k or even more.

I know it's too early to speculate that where Bitcoin's price will move after halving but I'm pretty sure it will move towards up side because it's the bull run. I believe Bitcoin could cross $100k in this bull run and it may even cross $120k, but if your prediction of $170k becomes a reality then I'll be very happy.

decodx

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Yeah, looks like Bitcoin's got bright days coming, I'll say that. But hey, you really think we might see it slide another 15-17% before this bull run really takes off? I heard some guys sayin' this dip we just had could be the start of that. Me personally though, I ain't so convinced. This halving stuff's kinda unexplored waters, whos to say it won't drop lower still.

One thing I know for darn sure: whenever this next rally comes roaring in, it'll be a sight to see. That's for dang sure!

ImThour

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Bitcoin Bottom was at $15.4k

Bitcoin Cycle Low Multiple Chart -

If you can see where we are as of now in the Cycle and what's about to come next, you will stop worrying about the current market drop.

Topic: Bitcoin Analysis - What's coming Next? (Read 135 times)