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Topic: Bitcoin Price. - page 2. (Read 930 times)

legendary
Activity: 3472
Merit: 10611
May 12, 2024, 06:57:14 AM
#93
I don't know mate, but the halving is already completed, and so that's why their are many investors who are shock (maybe they are newbies), who are think that the price will go on a parabolic rise right away. But it's not, we will have to wait for at least this year to see what the halving will do to the price.
It doesn't take a year for halving's actual effects on the market to start showing up. It would take a couple of weeks up to a month. But the thing you should not forget is that halving is only ONE factor in the market that is affecting the price. Despite it being a major factor, there are others too. For example the ongoing recession in the West is a major reason for the sell pressure in the bitcoin market in the past 2-3 years that has prevented major rises otherwise price would have been half a million right now.
hero member
Activity: 1120
Merit: 504
May 11, 2024, 11:01:29 PM
#92
The price of Bitcoin starts halving after four years and this halving is the peak of the Bitcoin price. Since the halving currently takes place in 2024, it is very likely that the price of Bitcoin will peak at $80,000 in 2024. Because the year after the halving, the price of Bitcoin increases the most, which is proven by the 2020 halving. Now currently Bitcoin price is $62720, it is very likely to increase further.
I think you have seen the Bitcoin halving this year which occurred precisely last April, but on the one hand you must have also seen the peak of Bitcoin prices before the halving occurred in that month where the price level of more than $73K is the ATH level that has occurred in This year. So the proof in 2020 has been neglected after new history occurred this year in Bitcoin, especially at the peak price level reached by Bitcoin before the halving, but for the next moment of price increase it is quite possible that it could happen again in Bitcoin this year during the price increase it could start as soon as this year.
full member
Activity: 448
Merit: 130
May 11, 2024, 07:51:07 PM
#91
The price of Bitcoin starts halving after four years and this halving is the peak of the Bitcoin price. Since the halving currently takes place in 2024, it is very likely that the price of Bitcoin will peak at $80,000 in 2024. Because the year after the halving, the price of Bitcoin increases the most, which is proven by the 2020 halving. Now currently Bitcoin price is $62720, it is very likely to increase further.

I don't know mate, but the halving is already completed, and so that's why their are many investors who are shock (maybe they are newbies), who are think that the price will go on a parabolic rise right away. But it's not, we will have to wait for at least this year to see what the halving will do to the price.

Nevertheless, history tells us that we should be patience, it might take months or at least the end of 2024 to see if there will be huge impact or not. Most likely though, we will see some positive results till next year 2025 and we might hit the peak and see all time high, at least $100k is most pundits is expecting.
Bitcoin halving is done but the price of Bitcoin is moving stable in one place. There is no telling which way they will actually go, I think that may be the reason why Bitcoin is being bought and sold in equally, there may be other reasons. Half done soon bitcoin price will rise more, many are saying waiting for end of year period i think so too. So if that is the case then the current bitcoin investment decision should not go wrong. Now all we can do is hold the investments tight until the set goal reaches $100k.
hero member
Activity: 2660
Merit: 551
May 11, 2024, 09:50:25 AM
#90
The price of Bitcoin starts halving after four years and this halving is the peak of the Bitcoin price. Since the halving currently takes place in 2024, it is very likely that the price of Bitcoin will peak at $80,000 in 2024. Because the year after the halving, the price of Bitcoin increases the most, which is proven by the 2020 halving. Now currently Bitcoin price is $62720, it is very likely to increase further.

I don't know mate, but the halving is already completed, and so that's why their are many investors who are shock (maybe they are newbies), who are think that the price will go on a parabolic rise right away. But it's not, we will have to wait for at least this year to see what the halving will do to the price.

Nevertheless, history tells us that we should be patience, it might take months or at least the end of 2024 to see if there will be huge impact or not. Most likely though, we will see some positive results till next year 2025 and we might hit the peak and see all time high, at least $100k is most pundits is expecting.
full member
Activity: 476
Merit: 141
May 10, 2024, 01:01:55 AM
#89
The price of Bitcoin starts halving after four years and this halving is the peak of the Bitcoin price. Since the halving currently takes place in 2024, it is very likely that the price of Bitcoin will peak at $80,000 in 2024. Because the year after the halving, the price of Bitcoin increases the most, which is proven by the 2020 halving. Now currently Bitcoin price is $62720, it is very likely to increase further.
sr. member
Activity: 1428
Merit: 252
April 08, 2022, 10:20:43 PM
#88
If we look at the price of bitcoin then we will find similarities when there is ATH, of course we still remember the price of bitcoin skyrocketed and then dropped significantly, and it looks like the 4-year trend is repeating itself as happened in 2013 and 2017, and now we leave 2021 with more market drops than 40%.
sr. member
Activity: 2506
Merit: 368
April 08, 2022, 06:50:23 PM
#87
It was the complicated phenomenon.Because it was controlled by the whales and huge holders.People from various background invest on the crypto currency.When the market up to the high,surely it is best time sell your holdings.If you still believe on a price and wanted for the long run,you need to do something.Just hold the crypto which you had for the longer period to get bulk profit.
Are you sure about that?

I don't think whales are the ones doing it because if they did I don't think the price would stay like this for long. I'm sure there's something that made the market to decline a bit now after a small pump last week and now we're back to the normal price when it wasn't pumping yet.

The connection of Russia-Ukraine war is just a small thing to make the market pump and I guess it's because people thought Russia would use Bitcoin to counter their sanctions but it isn't moving yet though I don't know if it's worth the wait but I suggest let's just hodl then.
sr. member
Activity: 2436
Merit: 343
April 08, 2022, 06:41:27 PM
#86
In the midst of the war between Russia and Ukraine, can we see Bitcoin at the top? Or Bitcoin will not be able to rise from its position as long as the war lasts, what do you think?
I don't think so, and for some reason;
 * the war doesn't influence the market
 * Up and down is naturally born in the market
 * whales can still even manipulate the market more than this war

Amid the war, the market moves the same and it feels no such impact on the price. But then, we can't also expect it turns bullish or bearish, that still depends on the market supply and demand.
legendary
Activity: 2814
Merit: 1192
April 08, 2022, 05:15:58 PM
#85
The Dollar index price has been challenging 100 now, not a good time for any great aspirations people might have.   Its very uphill for the moment, however I balance this out by observing that even up hill BTC has done very well.   From what I've seen over the last decade, the performance while suppressed in any way like now relates to later higher prices possible.  Ironically, we are very bullish long term imo.

That's right. Bitcoin is doing much better than it used to in the face of bad news and declining economy. Just compare how bad it was doing after the 2018 top and this was mainly negativity induced by people who got burned buying BTC after it had risen by more than 12x in 6 months. Now we're facing problems we haven't seen for the last 10 years and Bitcoin is still only about 40% down from the top. Sellers are evidently exhausted as every dip since January forms a higher low. There's a very high chance we won't see the 20k low that was predicted as the bottom of the bear market, long before bitcoin went to it's all time high.

I keep saying that whenever people wait for us to go to a certain level, we don't reach it. People were waiting for 1k in 2019 - never happened, they waited for 80-100k range last year - same thing. They've been waiting for 20k ever since we went from 60k back to 30 last year.
STT
legendary
Activity: 4102
Merit: 1454
April 08, 2022, 01:56:26 PM
#84
The Dollar index price has been challenging 100 now, not a good time for any great aspirations people might have.   Its very uphill for the moment, however I balance this out by observing that even up hill BTC has done very well.   From what I've seen over the last decade, the performance while suppressed in any way like now relates to later higher prices possible.  Ironically, we are very bullish long term imo.
member
Activity: 498
Merit: 56
Buzz App - Spin wheel, farm rewards
April 06, 2022, 12:14:46 PM
#83
In the midst of the war between Russia and Ukraine, can we see Bitcoin at the top? Or Bitcoin will not be able to rise from its position as long as the war lasts, what do you think?
Bitcoin's influence is not too big on the conditions of the war that took place between Ukraine and Russia, today we can see how consistent bitcoin is, even today bitcoin is recovering in the midst of a correction for so long, so what I see bitcoin is not too affected by the war between Russia and and Ukraine, even if it is related to the war with bitcoin travel, then there are many other wars that will affect bitcoin in the course of the market, so vitality is very much in favor of any coin travel
full member
Activity: 1736
Merit: 116
April 06, 2022, 02:53:32 AM
#82

And it means that we are not affected by the war, although not immune, but the effect is not that significant as we have seen the price has been moving positively to $47,000++ even if there is the noise of war in the background.

So let's see how far the war will go though, it's not really good to have it right now as the price of gas is soaring high. And maybe that's one reason that people are going to bitcoin to stop the bleeding of their wealth. Going to bitcoin and hedging their money is a good idea at this time.
With Bitcoin rising above $45k while the war was still going on, has proven that the war between Russia and Ukraine did not have too big an effect
on the movement of Bitcoin. It might have an effect when the war first broke out, but the effect didn't last long, because it wasn't long before
the Bitcoin price started to slowly go up and now it's quite surprising to be able to rise above the $45k price.

This means we don't have to worry if we want to invest in Bitcoin right now, because the price of Bitcoin will always go up no matter how much FUD
in circulation. Since Bitcoin's fundamentals have proven to be very strong, so any event that makes the price of Bitcoin fall, it never lasts long.
Even in my opinion in a situation of economic crisis that is happening around the world, where many assets are falling in price, but Bitcoin has
so far shown a pretty good performance, although the price has not returned to the ATH price. But in my opinion it is very safe to make Bitcoin
an option for long-term investment, because in the future the price of Bitcoin will definitely rise very high.

This is by far the most popular opinion, indeed the war didn't affect the price of bitcoin but instead it went the other way around. I don't think there is FUD right now, so I'm not seeing the price going down for the month of April unless there is going to be like a big cashout from whales and then there will be panic soon afterwards.

So let's just enjoy our mini bull run if we can it like that, although the price target should be at least $50,000.

Hopefully this April there will be no whales doing big cashout, because I want Bitcoin to get back to the price of $50k. Right now Bitcoin looks
to be experiencing a small correction, but the decline in the price of Bitcoin is still fairly normal, so there's nothing to worry about Bitcoin's price
drop right now. We just focus on holding the Bitcoin we have, because I am still optimistic that in April Bitcoin will be able to touch the price of
$50k. Luckily when Bitcoin hit $47k, I already sold some of the Bitcoins I own, so when the price of Bitcoin drops like it is now, I can buy more
Bitcoin. My prediction before Bitcoin hits $50k, Bitcoin will likely move stable between the price of $45k-$48k first. We can use this situation
to make short-term trades to generate profits.
member
Activity: 337
Merit: 10
www.cd3d.app
April 03, 2022, 10:47:43 PM
#81
Good graph, handy reference as any time an event of significance happens its usually a good place to mark off and note the price level at which that volume occurs.   So 43152 was the price back then and again we have to conclude bullish action as that price is the lowest we've been recently.   It briefly served as a top price on the March 22nd, I would suggest not to take a negative stance outside of a fast trade so long as we maintain above pricing such as this.

Even though the price at 43152 is considered bullish,at this time today's price movement continues to rise again to 46,144.83 USDT, it's a sign that bitcoin price stability has not yet existed because the movement sometimes drops past the $44k price.
Hopefully many of them are able to maintain that price.
hero member
Activity: 1344
Merit: 540
April 03, 2022, 09:27:34 PM
#80
Good graph, handy reference as any time an event of significance happens its usually a good place to mark off and note the price level at which that volume occurs.   So 43152 was the price back then and again we have to conclude bullish action as that price is the lowest we've been recently.   It briefly served as a top price on the March 22nd, I would suggest not to take a negative stance outside of a fast trade so long as we maintain above pricing such as this.

Yeah, I think it was a good call and so far we are still way above that price. It's been fluctuating to highs of $45k and low of $46k. So still very bullish indicator and that another break out run could happen again this week or at least until the end of the month. So I wouldn't be going short here, it's better to stay on the market and not do any fast trade as you might regret it later.
STT
legendary
Activity: 4102
Merit: 1454
April 03, 2022, 05:08:23 PM
#79
Good graph, handy reference as any time an event of significance happens its usually a good place to mark off and note the price level at which that volume occurs.   So 43152 was the price back then and again we have to conclude bullish action as that price is the lowest we've been recently.   It briefly served as a top price on the March 22nd, I would suggest not to take a negative stance outside of a fast trade so long as we maintain above pricing such as this.
full member
Activity: 1008
Merit: 139
★Bitvest.io★ Play Plinko or Invest!
April 03, 2022, 04:30:36 PM
#78
This is by far the most popular opinion, indeed the war didn't affect the price of bitcoin but instead it went the other way around. I don't think there is FUD right now, so I'm not seeing the price going down for the month of April unless there is going to be like a big cashout from whales and then there will be panic soon afterwards.

So let's just enjoy our mini bull run if we can it like that, although the price target should be at least $50,000.
What happens is that when the war first broke out everything went down as the markets hate uncertainty, but once we became more certain about the direction the war was taking, even if that direction wasn't something that we wished for, then that uncertainty began to fade away and bitcoin went back to its previous levels, and when we take into account that both sides of the conflict are showing an interest in using bitcoin for their needs this increased the speed of the bitcoin recovery in a significant way.

Yes. Initially, after Russia launched its invasion on Ukraine, investors dumped riskier assets causing Bitcoin's price to fall by 8%. Here are some charts from a Reuters article showing the performance of cryptocurrencies during the war so far.


source article
legendary
Activity: 2716
Merit: 1383
April 03, 2022, 01:10:50 PM
#77
This is by far the most popular opinion, indeed the war didn't affect the price of bitcoin but instead it went the other way around. I don't think there is FUD right now, so I'm not seeing the price going down for the month of April unless there is going to be like a big cashout from whales and then there will be panic soon afterwards.

So let's just enjoy our mini bull run if we can it like that, although the price target should be at least $50,000.
What happens is that when the war first broke out everything went down as the markets hate uncertainty, but once we became more certain about the direction the war was taking, even if that direction wasn't something that we wished for, then that uncertainty began to fade away and bitcoin went back to its previous levels, and when we take into account that both sides of the conflict are showing an interest in using bitcoin for their needs this increased the speed of the bitcoin recovery in a significant way.
legendary
Activity: 3080
Merit: 1353
April 02, 2022, 10:08:13 PM
#76
At first I thought that as long as conditions in Ukraine were not conducive the price of bitcoin would not increase but it turned out that all of this was wrong because lately the price of bitcoin has been able to rise drastically even though the war between Russia and Ukraine is not over yet. today the price of bitcoin went up very drastically and the price of bitcoin was back above $45k, most likely the price increase that occurred during the last week could be a sign that the bearish phase will end soon.

And it means that we are not affected by the war, although not immune, but the effect is not that significant as we have seen the price has been moving positively to $47,000++ even if there is the noise of war in the background.

So let's see how far the war will go though, it's not really good to have it right now as the price of gas is soaring high. And maybe that's one reason that people are going to bitcoin to stop the bleeding of their wealth. Going to bitcoin and hedging their money is a good idea at this time.

With Bitcoin rising above $45k while the war was still going on, has proven that the war between Russia and Ukraine did not have too big an effect
on the movement of Bitcoin. It might have an effect when the war first broke out, but the effect didn't last long, because it wasn't long before
the Bitcoin price started to slowly go up and now it's quite surprising to be able to rise above the $45k price.

This means we don't have to worry if we want to invest in Bitcoin right now, because the price of Bitcoin will always go up no matter how much FUD
in circulation. Since Bitcoin's fundamentals have proven to be very strong, so any event that makes the price of Bitcoin fall, it never lasts long.
Even in my opinion in a situation of economic crisis that is happening around the world, where many assets are falling in price, but Bitcoin has
so far shown a pretty good performance, although the price has not returned to the ATH price. But in my opinion it is very safe to make Bitcoin
an option for long-term investment, because in the future the price of Bitcoin will definitely rise very high.


This is by far the most popular opinion, indeed the war didn't affect the price of bitcoin but instead it went the other way around. I don't think there is FUD right now, so I'm not seeing the price going down for the month of April unless there is going to be like a big cashout from whales and then there will be panic soon afterwards.

So let's just enjoy our mini bull run if we can it like that, although the price target should be at least $50,000.
sr. member
Activity: 1313
Merit: 302
April 02, 2022, 06:26:30 PM
#75
It was the complicated phenomenon.Because it was controlled by the whales and huge holders.People from various background invest on the crypto currency.When the market up to the high,surely it is best time sell your holdings.If you still believe on a price and wanted for the long run,you need to do something.Just hold the crypto which you had for the longer period to get bulk profit.
STT
legendary
Activity: 4102
Merit: 1454
April 02, 2022, 05:57:42 PM
#74
Here is a pivot to take as to strength and direction possibly even for this weekly bar.   If BTC can maintain and gain above 46k I think we build to some greater price attempt but below this is going to see BTC require more time to develop further.   So far my conclusion has been correct in assuming prevailing strength and BTC has accumulated regular gains in a cycle of higher lows, at some point harder ground is reached and we have to watch more carefully.
   Next to the 200 day average is a good place to be cautious and observant to strength or some profit taking, in the end (on balance vs great time frames etc.) I think we remain positive but pullbacks are normal occurrence.



Generally under a week average I expect BTC to perform negatively, not in a grand scale but trading wise get your umbrella expect rain ☔ :p
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