BITCOIN BULL MAY BE IN TROUBLE - page 2.

Marvell1

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Quote from: Jating on June 11, 2023, 08:42:11 AM

Quote from: Paul Pogba on June 06, 2023, 10:26:13 AM

May closed lower compared to April, of course this is an indication that the market has not recovered, when it was March and the price could skyrocket from $ 22k to more than $ 30k making us optimistic that the bull run will happen soon, unfortunately there is a decline and of course there are many reasons.

And if you look at it, there is one compelling reasons why the price in June has been hindered, it's because SEC decided to file a lawsuit against the top crypto exchanges which is Binance. Now the price goes down again to $25k and it really doesn't look good for the market.

Nevertheless, this is just a setback, just temporary for this year. Long term or at least in the next six months, I'm still seeing that the price might recovered for good, Might not be the bull run that we are expecting. But if we are going to compare it to the price that we have seen in the beginning of this year, then it's a significant jump.

The SEC only attacked Binance.us and some exchanges in the US market, not our entire market. They don't have the power to attack the entire Binance or market, so these effects will pass quickly. Furthermore, a bitcoin drop to $25k or less would be great, not as bad as you're feeling. If you also believe that all will be over soon and bitcoin will recover, then there is no reason not to collect more bitcoins now instead of worrying that things will worsen. We've been through much worse, and we've survived, so I'm not bothered by this little news.

Jating

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Quote from: Paul Pogba on June 06, 2023, 10:26:13 AM

May closed lower compared to April, of course this is an indication that the market has not recovered, when it was March and the price could skyrocket from $ 22k to more than $ 30k making us optimistic that the bull run will happen soon, unfortunately there is a decline and of course there are many reasons.

And if you look at it, there is one compelling reasons why the price in June has been hindered, it's because SEC decided to file a lawsuit against the top crypto exchanges which is Binance. Now the price goes down again to $25k and it really doesn't look good for the market.

Nevertheless, this is just a setback, just temporary for this year. Long term or at least in the next six months, I'm still seeing that the price might recovered for good, Might not be the bull run that we are expecting. But if we are going to compare it to the price that we have seen in the beginning of this year, then it's a significant jump.

Paul Pogba

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May closed lower compared to April, of course this is an indication that the market has not recovered, when it was March and the price could skyrocket from $ 22k to more than $ 30k making us optimistic that the bull run will happen soon, unfortunately there is a decline and of course there are many reasons.

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Quote from: Bitcoin2009 on June 05, 2023, 09:54:32 AM

The thing that makes bitcoin difficult to rise this year is because there are more and more speculators who immediately sell when they get profits, as we know that many people make crypto trading their main job and income so when they feel they are making a profit they will sell and of course make the price difficult for rising.

Well, but speculation is always there. The fact that people sell as soon as they have profits also happens in bull markets when the price rises a lot.

I think that now the price simply does not go up more because of the period of the cycle we are in, the macroeconomic situation (especially because of the high rates) and because we have no news to push the price up.

Questat

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Quote from: Bitcoin2009 on June 05, 2023, 09:54:32 AM

The thing that makes bitcoin difficult to rise this year is because there are more and more speculators who immediately sell when they get profits, as we know that many people make crypto trading their main job and income so when they feel they are making a profit they will sell and of course make the price difficult for rising.

Do you mean investors?
Anyways, real investors are not speculators, they act based on what they think is right and for sure with some basis of their TA. It is possible for newcomers and impatient investors, who've never chosen long-term investments but prefer to get make a profit instantly and so when they don't understand the situation, they simply sell their Bitcoin. And that kind of thinking and behaviors help to drag the price down, not by helping it to grow. That is why it was too hard to think about of reaching $100k when the majority have carried this kind of mindset.

Bitcoin2009

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The thing that makes bitcoin difficult to rise this year is because there are more and more speculators who immediately sell when they get profits, as we know that many people make crypto trading their main job and income so when they feel they are making a profit they will sell and of course make the price difficult for rising.

Wong Gendheng

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It seems that the moment for Bull Run will not occur in a short time or this year, the moment when the price can reach $ 30k and happens in March and hope to continue to rise until it can recover but the market continues to decline, many analysts predict the price range of the year 2023 is between $ 22K to $ 32K.

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Quote from: Joshapat on May 29, 2023, 06:43:38 AM

I'm optimistic that in March the price will rise and reach $30k and the upward trend will continue, unfortunately the market has stopped and it looks difficult to rise again, maybe this is an opportunity for us to be able to buy cheaply, of course a good opportunity to buy before the price skyrockets moreover, especially in 2024 there will be a halving day which will usually make prices skyrocket.

There is no momentum in that run, but it's good that we have seen $30k again, but let's see, we still have the next 6 months to accomplished this again. Although technically we are still in a bear market, but who knows, there are predictions that $50k could be touch before the bitcoin block halving.

Of course, every opportunity counts, so if we have some money then definitely treat it as a investment for now and then just hold on it till the next bull run. Others are excited already, about what the price will be in the future, but they are not stacking up their bitcoin wallet. Don't waste that opportunity and everyone should at least learn how to save or invest thru DCA.

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Quote from: tygeade on May 31, 2023, 12:21:40 PM

Quote from: Inspiron14 on May 29, 2023, 02:29:47 PM

-snip-

It hasn't been 30k in any place I know and I have checked, and I have not seen anything like that. The highest we have been recently was a bit above 28k, and even if we take it for a full 30 days it has been a bit higher than 29k as well. So all in all, it has been a while since we have been over 30k, last time was during April I believe. This is why we should be a lot more careful with what we are looking at and it hasn't been that much up and not that much down.

If you think that it has gone above 30k and right now it is under 27k then you would be upset, but if you know the truth which is the fact that it is green in the last 7 days so we are doing fine, then you would be happy. Knowing the movements could change the way you think about the market.

The last time bitcoin traded at over $30k was on April 19, 2023 before correcting to $27k. Bitcoin briefly tested the $30k resistance back on April 26, but at that time the highest price was $29,995 which then corrected again. So it is true that since the bitcoin price underwent a correction on April 19th, $30k has not been reached until today.

You can check trading history on the following link: https://coinmarketcap.com/currencies/bitcoin/historical-data/

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Quote from: Inspiron14 on May 29, 2023, 02:29:47 PM

Quote from: Joshapat on May 29, 2023, 06:43:38 AM

I'm optimistic that in March the price will rise and reach $30k and the upward trend will continue, unfortunately the market has stopped and it looks difficult to rise again, maybe this is an opportunity for us to be able to buy cheaply, of course a good opportunity to buy before the price skyrockets moreover, especially in 2024 there will be a halving day which will usually make prices skyrocket.

a few days ago Bitcoin has indeed reached $ 30k and unfortunately at this time Bitcoin has experienced a correction and is trading below $ 30k,
I hope that in June the price of Bitcoin can be above $ 30k again, because if bitcoin can be above $ 30k then there is a possibility that bullish will arrive.
and 2024 is exactly what you said I also believe the price of Bitcoin will skyrocket.

It hasn't been 30k in any place I know and I have checked, and I have not seen anything like that. The highest we have been recently was a bit above 28k, and even if we take it for a full 30 days it has been a bit higher than 29k as well. So all in all, it has been a while since we have been over 30k, last time was during April I believe. This is why we should be a lot more careful with what we are looking at and it hasn't been that much up and not that much down.

If you think that it has gone above 30k and right now it is under 27k then you would be upset, but if you know the truth which is the fact that it is green in the last 7 days so we are doing fine, then you would be happy. Knowing the movements could change the way you think about the market.

Paul Pogba

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I think the inhibiting factor for bitcoin is difficult to bull in May because many people take profits when the price reaches $ 30k, as we know that at the end of 2022 the price is around $ 16k and those who sell at $ 30k get almost 100% profit, this is what makes price is hard to go up.

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Quote from: Joshapat on May 29, 2023, 06:43:38 AM

I'm optimistic that in March the price will rise and reach $30k and the upward trend will continue, unfortunately the market has stopped and it looks difficult to rise again, maybe this is an opportunity for us to be able to buy cheaply, of course a good opportunity to buy before the price skyrockets moreover, especially in 2024 there will be a halving day which will usually make prices skyrocket.

a few days ago Bitcoin has indeed reached $ 30k and unfortunately at this time Bitcoin has experienced a correction and is trading below $ 30k,
I hope that in June the price of Bitcoin can be above $ 30k again, because if bitcoin can be above $ 30k then there is a possibility that bullish will arrive.
and 2024 is exactly what you said I also believe the price of Bitcoin will skyrocket.

bestcoins1

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Quote from: Joshapat on May 29, 2023, 06:43:38 AM

I'm optimistic that in March the price will rise and reach $30k and the upward trend will continue, unfortunately the market has stopped and it looks difficult to rise again, maybe this is an opportunity for us to be able to buy cheaply, of course a good opportunity to buy before the price skyrockets moreover, especially in 2024 there will be a halving day which will usually make prices skyrocket.

The price range of Bitcoin currently circulating in the market is still not too far from the highest price in March this year. This means that the current Bitcoin price is still very normal and not bad even though it is still difficult to pass $30K and I think that almost all Bitcoin holders are still quite optimistic about Bitcoin in terms of price increase, apart from the halving day moment that is likely to occur next year. The price movement in the past two days shows that Bitcoin is still in high demand, so it is also very possible that it will not collapse in the near future.

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I'm optimistic that in March the price will rise and reach $30k and the upward trend will continue, unfortunately the market has stopped and it looks difficult to rise again, maybe this is an opportunity for us to be able to buy cheaply, of course a good opportunity to buy before the price skyrockets moreover, especially in 2024 there will be a halving day which will usually make prices skyrocket.

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Quote from: 19Nov16 on May 21, 2023, 09:37:54 PM

It looks like there won't be another bull run in May, in fact I'm sure May won't touch $30k even though it still leaves about 10 more days, many people need cash for necessities so that it makes bitcoin prices difficult to rise, but when prices drop like when this is a great opportunity to buy.

It's good though, I mean from January to April already, we have huge gains from those months and so May might be different. There are huge expectations that we might see a continuous run to $30,000++ but it's not meant to be. We are blown away by the whole ordinal hype thus affecting and clogging the mempool and this might cause an alarm for investors that's why there is a sell off and price is just around $26,000-$27,000. But at least it's not a big dump, we are still holding the support line.

So let this month pass by, we will look with positive enthusiasm this June and hopefully the target of $30,000 will be breach again and then we are going to sustain that price.

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Quote from: Sidra101 on May 06, 2023, 10:27:23 PM

According to what's happening in the market today., Bitcoin's value has changed a lot in the past, still going up and down quickly. Recently, it reached a really high value in April 2021, but then went down a lot in May 2021. There are different reasons for this, such as concerns about the environment and government rules. Some people think that in the short term, the price could still go up and down a lot because of different things like the economy and what people thinnk

Bitcoin's movement of price is an up-and-down movement right from the start of its creation. There wasn't a time it was at a standstill without fluctuating in price for a second. Those fluctuations it experiences in price don't relate to the environment and government rules as presumed by you. Although negative news can affect its price but that doesn't mean it won't be fluctuating in price without bouncing back in price.

Quote from: Sidra101 on May 06, 2023, 10:27:23 PM

It's hard to know for sure what will happen, so people who want to invest in Bitcoin should be careful and think about the risks and rewards before doing anything because the Bull market may be in trouble.

One should exercise caution and consider the risk involved before making an investment in anything, not just bitcoin. The following investments should also be considered to be risky investments.
In order to succeed in life, one must make a smart, risky investment, and bitcoin appears to be the ideal fit for that in advance of the bull run season.

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environmental reasons or government regulation is old news, some people use this news to create FUD. under any circumstances or conditions and in the short or long term the price of bitcoin will fluctuate and will never be stable because bitcoin is not a stable coin. whatever the current problem is, I'm sure that in the future bitcoin will still reach a new ATH, and this is the reason why I continue to invest in bitcoin and choose long-term investments.

Mahanton

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Quote from: Reatim on May 22, 2023, 10:59:47 PM

Quote from: Sidra101 on May 06, 2023, 10:27:23 PM

According to what's happening in the market today., Bitcoin's value has changed a lot in the past, still going up and down quickly. Recently, it reached a really high value in April 2021, but then went down a lot in May 2021. There are different reasons for this, such as concerns about the environment and government rules. Some people think that in the short term, the price could still go up and down a lot because of different things like the economy and what people think. It's hard to know for sure what will happen, so people who want to invest in Bitcoin should be careful and think about the risks and rewards before doing anything because the Bull market may be in trouble.BTC

Wait wait !! according to what is happening? and what is quickly changing here? this market is volatile and of course value will change from here and there , depending in the support and market flow so what should be bad there?

have you look the market graph all those years for you to comment like this?

https://coinmarketcap.com/currencies/bitcoin/

not because the price is changing meaning this is trouble , Maybe you as FUD releaser but bitcoin is just acting fine .

What would you expect? There are really people who do really love on giving out those "What ifs?" kind of question on which they arent even trying to look at on the chart on which if ever they would
be doing so then for sure they would really be having the idea on where we would be going. Of course this market is really that volatile and unpredictable and it is really just that right that it could
go upwards and downwards on short time basis and if you do go into a situation where it is really going downwards and instead of freaking out then its better to treat it as an opportunity for you to
get in because getting cheaper coins is something an opportunity for us to grab on.

We cant really just be having a market to have a single movement or path to take.If it goes down then it could go up later on. This is why profitability would really be just depending on a certain
person on how he would be able to handle himself into this volatile and unpredictable market.

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Quote from: Sidra101 on May 06, 2023, 10:27:23 PM

According to what's happening in the market today., Bitcoin's value has changed a lot in the past, still going up and down quickly. Recently, it reached a really high value in April 2021, but then went down a lot in May 2021. There are different reasons for this, such as concerns about the environment and government rules. Some people think that in the short term, the price could still go up and down a lot because of different things like the economy and what people think. It's hard to know for sure what will happen, so people who want to invest in Bitcoin should be careful and think about the risks and rewards before doing anything because the Bull market may be in trouble.BTC

Wait wait !! according to what is happening? and what is quickly changing here? this market is volatile and of course value will change from here and there , depending in the support and market flow so what should be bad there?

have you look the market graph all those years for you to comment like this?

https://coinmarketcap.com/currencies/bitcoin/

not because the price is changing meaning this is trouble , Maybe you as FUD releaser but bitcoin is just acting fine .

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Quote from: MiF on May 21, 2023, 02:20:12 AM

i believe that bull is in trouble because if not we can maybe feel it right now, most of coin are down and btc is struggling under 30k$ i dont know if it will go up above my expectations this month which is 35k$, there is always a risk so we need to always set a limit, if bitcoin will not reach 35k$ this month the bull run is maybe happen next year and not this year.

Why do you think that the price of Bitcoin for the whole year will be determined based on its price by the end of this month? There are 7 more months after this one for the year to end, so anything can happen in these 7 months. And expecting $35k only within this month is too much in my opinion, the price might not even go above $30k this month.

Even if it manages to go above $35k in the next month, we will surely see the price going around $45k by the end of the year since that will bring some positive sentiment in the market and most people will stop panicking.

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