Bitcoin going to $53k or down to $48k? (Bullish Scenario) - page 5.

Wawa2013

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Quote from: fortunecrypto on September 09, 2021, 03:02:37 AM

Quote from: Fundamentals Of on September 08, 2021, 09:05:23 PM

The volatility is increasing. It is safer not to play with the price for now. In times like these I would rather just hodl and wait for the better days to come. The risk of trading Bitcoin short term is high but it is significantly lowered to the minimum if you are looking at the long term.

We certainly cannot predict Bitcoin's price tomorrow or the day after it but we are almost assured that years from now the price is definitely higher than today.

We are in pandemic times and this is the hardest time to HODL Bitcoin because of this pandemic I have to sell half of my share to sustain my livelihood, my country is one of the hardest, I'm trying to keep the remaining shares because with all the prediction I just knew Bitcoin will reach 6 digits maybe not this year but definitely next year.

The pandemic has indeed made most people experience an economic crisis, so it is not easy to consistently hold the Bitcoin that we have.
Sometimes there is often a sudden urgent need, which eventually makes us forced to sell the Bitcoin that we have partially. There is nothing
wrong with doing that, because there are priorities in our lives. Instead of forcing holding Bitcoin, but their daily needs are not met. If one day
we have extra money, we can buy Bitcoin again. So no need to worry, we definitely have another chance to be able to buy Bitcoin. Moreover,
the price of Bitcoin is volatile, so there is always a moment when the price of Bitcoin is correcting, that's our chance to buy Bitcoin. As of now
the price of Bitcoin has dropped to $46k, but I believe this is only temporary, Bitcoin will recover soon.

fortunecrypto

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Quote from: Fundamentals Of on September 08, 2021, 09:05:23 PM

The volatility is increasing. It is safer not to play with the price for now. In times like these I would rather just hodl and wait for the better days to come. The risk of trading Bitcoin short term is high but it is significantly lowered to the minimum if you are looking at the long term.

We certainly cannot predict Bitcoin's price tomorrow or the day after it but we are almost assured that years from now the price is definitely higher than today.

We are in pandemic times and this is the hardest time to HODL Bitcoin because of this pandemic I have to sell half of my share to sustain my livelihood, my country is one of the hardest, I'm trying to keep the remaining shares because with all the prediction I just knew Bitcoin will reach 6 digits maybe not this year but definitely next year.

LUCKMCFLY

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The price of BTC has been giving a great correction, approximately more than 12%, this is something that everyone has had a hard time assimilating, but the BTC market is like this, we cannot rule out if it was just a bullish trap:

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. The fall has been supported by a rising trading volume, which means that sellers may have fixed their short positions. In this case, one can expect a retest of the vital zone around $50,000 by the end of the week.

Source: https://u.today/btc-eth-and-xrp-price-analysis-for-september-8-0

The volatility of the BTC market is an ingredient that we always have to deal with, even to give bullish movements like bearish, some at the time managed to obtain profits, for me what happened is that they were testing the price level and the offer was too much, for that reason it went down.

Fundamentals Of

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Quote from: Ibrahim60 on September 08, 2021, 12:04:24 PM

Bitcoin price is now so much volatile. Bitcoin price is now $45.5k. In cryptocurrency no one can surely predict on them. But by doing some research about the market and the price increasing, decreasing chart some expert people can predict. And most of the time their prediction may come true. By seeing the past 2/3 months price chart we can say it easily that Bitcoin price will increase and it will hit $48k soon and can hit $50k+.

The volatility is increasing. It is safer not to play with the price for now. In times like these I would rather just hodl and wait for the better days to come. The risk of trading Bitcoin short term is high but it is significantly lowered to the minimum if you are looking at the long term.

We certainly cannot predict Bitcoin's price tomorrow or the day after it but we are almost assured that years from now the price is definitely higher than today.

Ibrahim60

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Bitcoin price is now so much volatile. Bitcoin price is now $45.5k. In cryptocurrency no one can surely predict on them. But by doing some research about the market and the price increasing, decreasing chart some expert people can predict. And most of the time their prediction may come true. By seeing the past 2/3 months price chart we can say it easily that Bitcoin price will increase and it will hit $48k soon and can hit $50k+.

BITCOIN4X

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Quote from: FatFork on September 08, 2021, 03:15:06 AM

So this is the main reason for yesterday's dump?
https://i.imgur.com/VUxtYCG.png
source: https://twitter.com/coinbase/status/1435448395091615747

It's interesting that the market reacted hours before the news had even been published. Was it a coincidence? Or were there some insider traders at work?

That probably won't be the main reason although traders can interpret it as the reason behind yesterday's dump in bitcoin price. The commotion in El Salvador and negative sentiment have been exploited by the whale to dump bitcoin. I don't know what the exact reason is, but it looks like the whales will be responsible for this dump. After all, no force could have brought dump the price of bitcoin so quickly if it weren't for the whales.

el kaka22

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Quote from: FatFork on September 08, 2021, 03:15:06 AM

So this is the main reason for yesterday's dump?

source: https://twitter.com/coinbase/status/1435448395091615747

It's interesting that the market reacted hours before the news had even been published. Was it a coincidence? Or were there some insider traders at work?

I do not think that it would be the reason for it, just because coinbase doesn't have a coinbase lend section doesn't mean that it would have to be cause for a big sale. That would require many people to end up buying just because they believed coinbase lend would make bitcoin go up a lot more, and as we all know that wasn't the case. People did not buy because they believed that coinbase lend would be the reason it would go up, and that means we should not be upset over that not happening neither.

I would say even ADA smart contract deal being ruined with scalability issue is a bigger reason, at least that is about crypto and not like some low cap gem neither, it was third ranked coin promising something and failing. It could be a big reason why we are here right now. Obviously speaking we need to keep going for a while longer to see what will happen, but I believe that wasn't the case.

FatFork

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So this is the main reason for yesterday's dump?

source: https://twitter.com/coinbase/status/1435448395091615747

It's interesting that the market reacted hours before the news had even been published. Was it a coincidence? Or were there some insider traders at work?

onecall123

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Quote from: btc78 on September 07, 2021, 11:32:11 PM

Looks like what happened is the opposite side way , when we are all expecting the up trend yet fall happens and i must admit being frustrated by not selling yesterday when the price is still on top .

Being frustrated and then panic selling won't help, unless you are looking for a quick profits. You may have bought back into your plan, but there is no guarantee the market will always carry it out. Wtf is happening right now! Whales are taking out stop losses, and this is normal. It would be great if more people understood this!

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But there is a thread created about this dump is just a preparation for the following increase and bull run.

Would you please let me know where the Bottom is so that I can buy more when we get there. A good purchasing opportunity is coming up.

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Quote from: pooya87 on September 07, 2021, 12:32:47 AM

Quote from: adaseb on September 06, 2021, 11:39:27 PM

Bitcoin is rallying today because of the EL Salvador news which is that it becomes legal tender today. This was known for months but the President announced for some weird reason that they bought 200 BTC recently (200 BTC prior to this) and most likely will be buying more.

Technically this can not be true because of how "news" works. If a positive news is to affect bitcoin price, it affects it right away as the news itself comes out. Same with negative news. So when a couple of weeks ago they said El Salvador is going to adopt bitcoin as legal tender, it affected the market then and there. Today there is nothing left, and the news is already considered old.

Imho it was not "nothing left". People around the world were buying Bitcoin for this event. Bitcoin and El Salvador were trending. People's expectations were very high, especially after one week of quite fast price rise.
And I think that this was the catch: somebody may have been playing with people's expectations. Somebody found this event very good for exploiting and decided to go for the pocket money of the trader wannabes.

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Looks like what happened is the opposite side way , when we are all expecting the up trend yet fall happens and i must admit being frustrated by not selling yesterday when the price is still on top .

But there is a thread created about this dump is just a preparation for the following increase and bull run.

Fundamentals Of

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Quote from: pooya87 on September 06, 2021, 11:01:57 PM

This is just a slow rise for now so there won't be any big jumps anytime soon and similarly there won't be any big drops (such as the $4k dump you suggested) either. If the momentum is built up enough we can see a big jump to over $60k in a very short time otherwise the price will creep to $60k then maybe jump after that.

It is funny and amazing how Bitcoin's price surprises us every now and then. I was thinking $53,000 is a given because the price was only a little more than $200 short and $48,000 is almost $5,000 far. And yet that $4,000 drop which wasn't expected proved not to be a big drop actually but only a small drop as the price nosedived to $43,000. That was almost $10,000 lost from Bitcoin's price in just a matter of hours. Bitcoin's price movements are always interesting.

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Quote from: soenan on September 06, 2021, 11:14:37 AM

Well, even then it could be that bitcoin has just finished its wave 1 and will be on the way to its wave 2 where we will find bitcoin at $48k again.

Spot on prediction, this is what actually happened in the last 24 hours. Wave 1 has finished around $52,000 and then it's wave 2 wherein the price goes to $48,000 because of some influence or whales selling at $52,000.

Quote from: soenan on September 06, 2021, 11:14:37 AM

What do you think about bitcoin price predictions?

And now that we are in wave 2, then expect the price to settled down and then we are going to see some sideways pattern again before hitting $50,000 again and then goes to $55,000 in the next two weeks. Still very exciting for traders and long term holders, as this is a golden opportunity to buy.

Dave1

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Quote from: Kusman on September 07, 2021, 04:28:06 PM

Bitcoin price dropped down from $52.8k to $43k in only approximately half an hour as far as I remember. It was really shocking for me. I didn't even witness the decrease live as it happened in a very short time period. I must admit that this is really huge and it made me scared. They say that the reason could be that miners sold a lot of coins. But I don't know whether this would affect the market this serious. Still, I hope to see another recovery from the price. But it might take some time seemingly.

Yeah, I was surprised to see this quick dump, weird though, perhaps the whales dump because of the El Salvador news. I said previously that $48k might not be touch again, but I was completely wrong. Market is very volatile and the increase that we are expecting didn't happen.

Anyhow, from $43k dump to $47k now, can we say that we are into the road to bounce back to $50k'ish? Or will the price remain sub $50k, or until the news of El Salvador has somewhat settled down? Remains to be seen.

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Quote from: Coin_trader on September 07, 2021, 10:17:55 AM

This current crash is not a healthy correction at all

Why not? The market had no real corrections from $30k to $53k, so it's not that bad to see a flash crash, which are quite common in Bitcoin. I agree that there's a considerable risk of downtrend and bear market, because this recovery could have been just a bull trap, but it just as easily can be a stop on the road to new ATH. This is why short term trading is so risky, anything can happen on a small time scale.

Kusman

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Bitcoin price dropped down from $52.8k to $43k in only approximately half an hour as far as I remember. It was really shocking for me. I didn't even witness the decrease live as it happened in a very short time period. I must admit that this is really huge and it made me scared. They say that the reason could be that miners sold a lot of coins. But I don't know whether this would affect the market this serious. Still, I hope to see another recovery from the price. But it might take some time seemingly.

Vaculin

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Winding down.

Quote from: Coin_trader on September 07, 2021, 10:17:55 AM

Quote from: Coin_trader on September 07, 2021, 01:34:32 AM

Quote from: Kittygalore on September 06, 2021, 11:23:36 PM

I don't think bitcoin goes any lower than that, probably go back to 50k or at worse 49k but it's unlikely for 48k even if the difference is just around a thousand dollar. The prediction might even not go the right way and the prices only go up further than expected.

There's a chance since the 200EMA line is under 48K which is the final support for trend. Always take consideration the worst case scenarion because many whales are watching carefully on price movement. There's always a FUD for every major resistance attempt to break by Bitcoin. But the current chart is indeed very bullish but we should always expect the unexpected on this crazy crypto market.

As expected, Market crash after there's no more fuel to hype. This current crash is not a healthy correction at all and might result to the end of this uptrend channel. I hope Bitcoin price will manage to recover above 48K and closed a candle above it.

Whales surely play very smart on retail traders money that got hype. I hope everyone is trading safe right now and avoid futures trading.

The news about El Salvador buying bitcoin seems does not help to continue the hype of bitcoin. With this heavy dump, we should be careful as it could result in further dump since whales' manipulation is being stated as the main reason. If the whales had already cashed out, then I'm sure they will not allow the price to go up, for now, they would make this to continue dumping so they can accumulate again.

Las time we saw bitcoin dump below $30k, most likely we will see the same scenario if we are talking of accumulation.

SquallLeonhart

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Quote from: Dr.Osh on September 07, 2021, 01:23:19 AM

i am inclined to speculate that bitcoin price will hit $53k in the near future. well, looking at the current bitcoin price, that $53k price is very close. other than that, we are still in a period of market recovery.

based on the price analysis that Cointelegraph today, I also think that the next target is $55k, before we hit $60k. it happens if the price of bitcoin continues to rise, and I hope so too, and see new ATH this month, or early next month. unfortunately, if there is a decline, the bitcoin price will most likely be in the range of $48k. however, it's better than being in the under $45k range.

I would say it is definitely looking like a breakout chart and that is why I agree with cointelegraph. Which is rare because normally they are not very good at chart reading (something very simple for someone who gets paid so much to do something), they always end up checking it on the wrong end, or taking the wrong time for the period they are looking for. I feel like this one is quite possible, I am expecting 60k in September.

I am not sure about all the 100k talk in the air, that seems like way too much to go for now, it could still happen in the future, but my maximum aim for September is 60k and that will probably happen. Let's hope that it doesn't have a crash afterwards, going up is one thing but "not going down" is a bigger challenge, if we could do that then we would be doing something amazing.

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Quote from: Coin_trader on September 07, 2021, 01:34:32 AM

Quote from: Kittygalore on September 06, 2021, 11:23:36 PM

I don't think bitcoin goes any lower than that, probably go back to 50k or at worse 49k but it's unlikely for 48k even if the difference is just around a thousand dollar. The prediction might even not go the right way and the prices only go up further than expected.

There's a chance since the 200EMA line is under 48K which is the final support for trend. Always take consideration the worst case scenarion because many whales are watching carefully on price movement. There's always a FUD for every major resistance attempt to break by Bitcoin. But the current chart is indeed very bullish but we should always expect the unexpected on this crazy crypto market.

As expected, Market crash after there's no more fuel to hype. This current crash is not a healthy correction at all and might result to the end of this uptrend channel. I hope Bitcoin price will manage to recover above 48K and closed a candle above it.

Whales surely play very smart on retail traders money that got hype. I hope everyone is trading safe right now and avoid futures trading.

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Quote from: Kittygalore on September 06, 2021, 11:23:36 PM

I don't think bitcoin goes any lower than that, probably go back to 50k or at worse 49k but it's unlikely for 48k even if the difference is just around a thousand dollar. The prediction might even not go the right way and the prices only go up further than expected.

There's a chance since the 200EMA line is under 48K which is the final support for trend. Always take consideration the worst case scenarion because many whales are watching carefully on price movement. There's always a FUD for every major resistance attempt to break by Bitcoin. But the current chart is indeed very bullish but we should always expect the unexpected on this crazy crypto market.

Topic: Bitcoin going to $53k or down to $48k? (Bullish Scenario) - page 5. (Read 714 times)