Bitcoin pump|before halving - page 3.

Bobrox

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Quote from: TravelMug on April 18, 2024, 05:23:50 AM

I've seen the price goes to $59k in the last 2 days if I'm not mistaken. But immediately went back to $62k which is a good support although currently at $61k'ish still a good price entering the block halving. Yes, it did align with past events like in 2020 although it's a huge dip back then due to the pandemic. Perhaps the closest to that scenario is the war in the Middle East between Israel and Iran. But not scaring everyone here, the halving will continue despite the noise behind and we will see that the impact is not that big as we might be looking close to 6 digits at the end of the year, so there is no pump before the halving, more of a sell off due to geo-political tensions.

Yesterday, Bitcoin going down immediately until reach $59k before getting back to $63k current bitcoin price, its unpredictable with bitcoin price few hours left counting down to halving time but the highest price seems over for bitcoin to make another ATH in this halving edition. Conflict between Iran and Israel has little impact make bitcoin can't break out to higher price although current bitcoin price down have been longer time before conflict between Iran and Israel.
Since bitcoin reached new higher price to $73k many investor more of selling their bitcoin assets than buy back, most of them prefer for selling awhile and believing last higher price over and bitcoin will get little down before several months later after halving to make recovery and back to higher price.

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Quote from: wiss19 on April 18, 2024, 12:46:52 PM

Well, the market doesn't always go against the crowd if the crowd is reacting to what they think is going to happen which means that if the crowd thinks that the market will drop and they don't buy, the market will have a hard time going up because there won't be much demand and that many buyers. Similarly, if the crowd thinks that the market will go and they start buying, the market will go up because there will be more buyers than sellers in the market.

Leaving that aside, I would also say that I'm optimistic that the market will start recovering from this point onward and there won't be a further dip, but then again, we can only make predictions and the market can react differently based on any event or news that might circulate in the industry next.

The bitcoin market is near to its previous All time high of the last bull run and a few days before it even made a new all time high before the halving which is something unique and this never happened in any of the previous bull markets.

However, a 4000-5000$ bitcoin pump should not be classified as a bull market and similarly a few thousand dump is normall and should not be considered as a bearish market.

No matter if we are moving up or down, this will not be in a straight line and people will get excited or sad on every pump, dump or relief rally and all this trading stuff. In the long run, bitcoin will make a parabolic run sometimes at the end of this year or at the beginning of the next year.

wiss19

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Quote from: fuguebtc on April 18, 2024, 12:33:07 AM

Quote from: goaldigger on April 17, 2024, 04:20:23 PM

We might deal with the price lower than $60k before the actual halving, and this can be a good opportunity to buy again.
This could be the trend for the next few month before we see another series of recovery, for now let's wait for the halving to happen and decide on what to do next. Right now, I'm just waiting for the right timing to buy again and seriously, if the war begins we might see a big panic again in the market and that could lead to another drop.

So what would be the right time to buy bitcoin if not now? What guarantees that bitcoin will continue to fall more than its current price? There are a lot of people gradually becoming pessimistic and predictions of bitcoin falling to 50k USD are appearing more and more, that's when I think bitcoin can't fall any further. Instead, I believe a recovery will happen soon, so buy as soon as you can and don't hesitate as there is no guarantee the price will continue to fall.

What I am pleased with is that not only on this forum but also on most other social networks became pessimistic and predicted bitcoin would drop to 50k USD, and that is a sign that bitcoin will recover because the market always go against the crowd.

Well, the market doesn't always go against the crowd if the crowd is reacting to what they think is going to happen which means that if the crowd thinks that the market will drop and they don't buy, the market will have a hard time going up because there won't be much demand and that many buyers. Similarly, if the crowd thinks that the market will go and they start buying, the market will go up because there will be more buyers than sellers in the market.

Leaving that aside, I would also say that I'm optimistic that the market will start recovering from this point onward and there won't be a further dip, but then again, we can only make predictions and the market can react differently based on any event or news that might circulate in the industry next.

Woodie

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Quote from: Bravut on March 11, 2024, 09:16:39 AM

Looking at the current price,Bitcoin has pumped to $69K with a very high bullish momentum. My concern is can we see bitcoin rally to 100K before halving, bitcoin has increased by 40% so far.

Sadly the effects of Pre and post halving aren't usually positive in the short-term and history is there to backup my argument....if anyone out there is expecting price to have that bullish move that will write new ATH immediately, am sorry to say but this isn't happening as the real effects of having usually happen a year later thereabout unless with a new variable of the spot ETFs approval..this halving could actually be different Cheesy

Quote from: Bravut on March 11, 2024, 09:16:39 AM

Am anticipating bitcoin to surpass $72K before halving, but JP Morgan give a contradicting idea saying "bitcoin would drop to $42K before halving " ....amidst investors buying more bitcoins.

Clearly JP Morgan is making his predictions based on historical data, what a smart guy lol but $42K is so low MR unless you intend to trigger the panic selling from the weak hands for you to buy.. otherwise lowest should be 60K and we should rebound to break ATH of ~$74K to write numbers...

Dunamisx

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If we can have this happen as at this time before the halving and bitcoin gets to reach a new all time high, then we should be more expectant to see the market coming with more interesting pattern and dimension after halving, which means, if we are holding, then we should never get tired because such will soon turn into a massive profit for us when the market pumps again and we see more new all time highs.

JiiBs

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Quote from: Franctoshi on March 15, 2024, 07:33:17 AM

Quote from: Sorryfor on March 15, 2024, 06:30:02 AM

Like I said in one of my previous posts here that Bitcoin was way too overbought 85% RSI level, based on my experience and the strategy I used to sell and buy, Bitcoin has never failed to react when it reaches the 85% RSI daily level, and just fewer days after I said that, yesterday and today Bitcoin has dropped $8k from its $73k the highest price to $65k the lowest price since we claimed $70k price level, and we are few steps away to test the 50% day RSI indicator which is likely to bring us to a price near $55k and which is also in agreement with 50 day SMA price retrenchment, and that presents another good opportunity to buy more Bitcoin.

The RSI happens to be a very popular indicator, used by many but not very much dependable by a lot of traders in taking and exiting trades. Most of us have it on our charts but, only applies it in conjunction with other indicators.

I am not entirely new to trading and so, I know a few of these myself and would like to look at some of the highlighted points you’ve made in your comment. It seems plausible and if that be the case, if the market is actually agreeing, then there is something there. Although, if it was over bought, I can’t say. It was the bulls by the way and we were heading towards an expecting bullish trend. It should be normal at this point.

TravelMug

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Quote from: EL MOHA on April 17, 2024, 05:15:04 PM

Quote from: btc_angela on April 17, 2024, 03:51:02 PM

It's on the brink of going down < $60k. There are data that shows the reason for this downside is that there are no inflows coming from Bitcoin Spot ETF. But as we look throughout Bitcoin past historical logs, prior to the halving, this is just but normal to see no actions or even the price going down.

So in 2 days, we will see if the trend will continue. On the other hand, this could be taken advantage as we can buy at this current price and accumulate and hold. There's nothing better to buy cheap Bitcoin in a downturn before the halving and then just wait till it recover and bounce back and see a parabolic rise till the end of the year.

There was a strong support on that $61k price point and immediately it broke the support barrier many people were looking at a bearish trend. I don’t see us rallying up that much from here because just like you said I think the the Institutions for ETFs are done for now to accumulate bitcoin. My thinking is they will have to start accumulating again maybe after the halving. As for individual investors, charts have shown that they look scared with the fear and greed index at 60% which shows a decline from around 85-88% it had been around in for some weeks now.

Also this align with past events prior to halving were we have a correction. If one is looking to accumulate then this is the perfect time or wait till the F&G factor comes below 50% again. My tactics for this is buy when most people are scared and sell when people are greedy

I've seen the price goes to $59k in the last 2 days if I'm not mistaken. But immediately went back to $62k which is a good support although currently at $61k'ish still a good price entering the block halving. Yes, it did align with past events like in 2020 although it's a huge dip back then due to the pandemic. Perhaps the closest to that scenario is the war in the Middle East between Israel and Iran. But not scaring everyone here, the halving will continue despite the noise behind and we will see that the impact is not that big as we might be looking close to 6 digits at the end of the year, so there is no pump before the halving, more of a sell off due to geo-political tensions.

EarnOnVictor

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I'm glad to be reading your post that was dated 11th of March today, to have seen who won between you and JP Morgan. Like I always say, those renowned analysts are not perfect, be it in the banking industry or any great institution. They at times say whatever comes to their head and when they are right people will start idolizing them. But now, you got it correctly ($72k) as Bitcoin reached the peak of about $73,850 before it hovered so long around the level but wasn't able to breach it. But JP Morgan failed ($42K) as Bitcoin was not even dreaming of dipping that low. These guys may be getting it right with their fiats guessing but I think they should leave cryptocurrency for its lovers and experts.

At the moment, the asset has succumbed to some selling and I expect it to sell further over time since it is now in an extreme bearish phase nearing the bottom of 2024. I will be bullish again on this asset if it shows serious rebounds and a bullish reversal of the current bearish correction.

fuguebtc

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Quote from: goaldigger on April 17, 2024, 04:20:23 PM

Quote from: btc_angela on April 17, 2024, 03:51:02 PM

Quote from: The Sceptical Chymist on April 17, 2024, 01:53:02 PM

My fingers and toes are doubly crossed that bitcoin doesn't fall below $60k, however.

It's on the brink of going down < $60k. There are data that shows the reason for this downside is that there are no inflows coming from Bitcoin Spot ETF. But as we look throughout Bitcoin past historical logs, prior to the halving, this is just but normal to see no actions or even the price going down.

So in 2 days, we will see if the trend will continue. On the other hand, this could be taken advantage as we can buy at this current price and accumulate and hold. There's nothing better to buy cheap Bitcoin in a downturn before the halving and then just wait till it recover and bounce back and see a parabolic rise till the end of the year.

We might deal with the price lower than $60k before the actual halving, and this can be a good opportunity to buy again.
This could be the trend for the next few month before we see another series of recovery, for now let's wait for the halving to happen and decide on what to do next. Right now, I'm just waiting for the right timing to buy again and seriously, if the war begins we might see a big panic again in the market and that could lead to another drop.

So what would be the right time to buy bitcoin if not now? What guarantees that bitcoin will continue to fall more than its current price? There are a lot of people gradually becoming pessimistic and predictions of bitcoin falling to 50k USD are appearing more and more, that's when I think bitcoin can't fall any further. Instead, I believe a recovery will happen soon, so buy as soon as you can and don't hesitate as there is no guarantee the price will continue to fall.

What I am pleased with is that not only on this forum but also on most other social networks became pessimistic and predicted bitcoin would drop to 50k USD, and that is a sign that bitcoin will recover because the market always go against the crowd.

EL MOHA

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Quote from: btc_angela on April 17, 2024, 03:51:02 PM

It's on the brink of going down < $60k. There are data that shows the reason for this downside is that there are no inflows coming from Bitcoin Spot ETF. But as we look throughout Bitcoin past historical logs, prior to the halving, this is just but normal to see no actions or even the price going down.

So in 2 days, we will see if the trend will continue. On the other hand, this could be taken advantage as we can buy at this current price and accumulate and hold. There's nothing better to buy cheap Bitcoin in a downturn before the halving and then just wait till it recover and bounce back and see a parabolic rise till the end of the year.

There was a strong support on that $61k price point and immediately it broke the support barrier many people were looking at a bearish trend. I don’t see us rallying up that much from here because just like you said I think the the Institutions for ETFs are done for now to accumulate bitcoin. My thinking is they will have to start accumulating again maybe after the halving. As for individual investors, charts have shown that they look scared with the fear and greed index at 60% which shows a decline from around 85-88% it had been around in for some weeks now.

Also this align with past events prior to halving were we have a correction. If one is looking to accumulate then this is the perfect time or wait till the F&G factor comes below 50% again. My tactics for this is buy when most people are scared and sell when people are greedy

The Sceptical Chymist

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Quote from: btc_angela on April 17, 2024, 03:51:02 PM

It's on the brink of going down < $60k. There are data that shows the reason for this downside is that there are no inflows coming from Bitcoin Spot ETF.

Yeah, unfortunately I'm seeing the slide continue--but I'm not sure how that relates to the ETF you mentioned. Frankly I was under the impression that BTC ETFs were still non-existent (I wouldn't buy into one, so I haven't been following that sort of thing).

Quote from: btc_angela on April 17, 2024, 03:51:02 PM

On the other hand, this could be taken advantage as we can buy at this current price and accumulate and hold. There's nothing better to buy cheap Bitcoin in a downturn before the halving and then just wait till it recover and bounce back and see a parabolic rise till the end of the year.

Smart money would be viewing this as an opportunity, but as with every time an asset price drops massively it causes fear instead of greed, you know? That's why people end up buying high and selling low. Oh, if I only had enough spare cash I'd be at my local BTCATM feeding it $50 bills!

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Quote from: btc_angela on April 17, 2024, 03:51:02 PM

Quote from: The Sceptical Chymist on April 17, 2024, 01:53:02 PM

My fingers and toes are doubly crossed that bitcoin doesn't fall below $60k, however.

It's on the brink of going down < $60k. There are data that shows the reason for this downside is that there are no inflows coming from Bitcoin Spot ETF. But as we look throughout Bitcoin past historical logs, prior to the halving, this is just but normal to see no actions or even the price going down.

So in 2 days, we will see if the trend will continue. On the other hand, this could be taken advantage as we can buy at this current price and accumulate and hold. There's nothing better to buy cheap Bitcoin in a downturn before the halving and then just wait till it recover and bounce back and see a parabolic rise till the end of the year.

We might deal with the price lower than $60k before the actual halving, and this can be a good opportunity to buy again.
This could be the trend for the next few month before we see another series of recovery, for now let's wait for the halving to happen and decide on what to do next. Right now, I'm just waiting for the right timing to buy again and seriously, if the war begins we might see a big panic again in the market and that could lead to another drop.

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Quote from: The Sceptical Chymist on April 17, 2024, 01:53:02 PM

My fingers and toes are doubly crossed that bitcoin doesn't fall below $60k, however.

It's on the brink of going down < $60k. There are data that shows the reason for this downside is that there are no inflows coming from Bitcoin Spot ETF. But as we look throughout Bitcoin past historical logs, prior to the halving, this is just but normal to see no actions or even the price going down.

So in 2 days, we will see if the trend will continue. On the other hand, this could be taken advantage as we can buy at this current price and accumulate and hold. There's nothing better to buy cheap Bitcoin in a downturn before the halving and then just wait till it recover and bounce back and see a parabolic rise till the end of the year.

Asuspawer09

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Quote from: Bravut on March 11, 2024, 09:16:39 AM

Looking at the current price,Bitcoin has pumped to $69K with a very high bullish momentum. My concern is can we see bitcoin rally to 100K before halving, bitcoin has increased by 40% so far.
Am anticipating bitcoin to surpass $72K before halving, but JP Morgan give a contradicting idea saying "bitcoin would drop to $42K before halving " ....amidst investors buying more bitcoins.
Blackrock has now bypass Micro strategy in bitcoin portfolio,been the top player holding largest amount of bitcoin and currently getting half of the market share, which I think is influencing bitcoin pump.
Bloomberg releasing a statement saying "The rate of buying of computers by mining companies have increased and also the need of electricity by them".
What are we to expect this pre-halving season...?
Will bitcoin pump more than $80K to make a new ATH before halving.
Will bitcoin drop to $42K as speculated by JP Morgan..?
Blackrock holding more bitcoin will it not influence bitcoin pumping if we say bitcoin is affected by supply and Demand...?

We already see a new all-time high for sure it's going to be enough for now, we are not on a Bull run yet so there is a lot of room for profit here for sure, 100k$ seems to be impossible right now getting ready for the Bullrun when the market backup again for sure it is going to gain a lot of momentum probably after the Bitcoin halving that is all where its start to gain a huge momentum where we could hit the 100k$ Before the halving seems impossible and I really think that breaking the all-time high is already a stretch in the market.

On the halving or probably right before the halving there was already a huge market correction which is probably why JP says that it is going to drop to 42k$ but that market is already invested so I don't really think that it is going to drop that low, since the market is on a huge hype we could already see a lot of projects getting launch every week.

My easy guess here is, on the halving, it is going to drop huge probably the lowest then gain momentum backup up to a year or more, at the end of 2025 probably the is where it is finally going to recover and reach over 100k$ sell all of our cryptocurrency then end of story.

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Quote from: $weetne$$ on April 17, 2024, 01:22:42 PM

Quote from: Zanab247 on April 15, 2024, 11:53:34 AM

Don't spend all your profits you made from the bull run, so that when the season to buy come you will not find it difficult to buy BTC because the time to buy is very near to those that prepare for it.

The season to buy additional Bitcoin in preparation for the bull season is already here because the market is now giving us more chances to buy Bitcoin at a cheap price then what we would had bought when Bitcoin was at $72,000, the price is dropping again therefore we should not miss this chance. This might be the last time we'll see Bitcoin low because Bitcoin halving is coming in few days time. Bitcoin pumping before the halving was very surprising to me as I thought Bitcoin price pumping will happen after Bitcoin halving is over and not before the halving starts. The pump made many people to think that we are in the bull market and the market would not dump again before the halving but the market is now dumping just before the halving and this is what was expected of the market to happen. I think we can expect Bitcoin to dump below $50,000.

I think the price of Bitcoin hit $60+k today and and the halving is at the corner and they are two ways one can use to acquire some Bitcoins to their wallets. And the first is the DCA method which one can apply bro have some before the halving or you can accumulate some money and save them to purchase more Bitcoin in the halving. Since the halving is just two days to go, the DCA method is not possible again so instead you just waite and purchase them at once. And the price Bitcoin will hit in the halving is unknown yet because as it the price is gradually going up again but let wait and see if the price will hit $50,000.

All what we have to do now is to gather some funds and wait that real halving weeks to refill the vacuum. But the probability of Bitcoin hitting $50000 is not possible.

The Sceptical Chymist

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The halving is in two days, right? Well, I'm not sure how many of you here or in the bitcoin world in general were expecting some kind of massive pop at any time before it, but it sure as hell doesn't look like it's going to happen. And obviously anyone who's checked bitcoin's price in the past couple of days would see that the opposite is occurring. It's puzzling to me why bitcoin dropped so low so fast, but expectations about the halving might have something to do with it. I haven't seen any negative news here that would point to a reason for it, have any of you guys?

Then again, this could simply be the calm before the (bullish) storm, or it could be a natural dip in a market that had run itself so vertically that a mini-crash was bound to happen. And here I am trying to think of reasons, when I know damn well 99% of the time the markets for crypto, stocks, or whatever just do whatever they're going to do without a clear explanation.

My fingers and toes are doubly crossed that bitcoin doesn't fall below $60k, however.

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Quote from: Ricardo11 on April 17, 2024, 09:31:37 AM

The current state of Bitcoin's price doesn't seem like Bitcoin's price will increase before the next half. Currently the price of Bitcoin is very low, currently the price of Bitcoin is 61k. You said here that JP Morgan predicts that Bitcoin will drop to 42K before the halving, but personally I don't think Bitcoin can go that low, if it really goes down it will drop to 55k at most, but we No one can say with 100% certainty exactly how much the price of Bitcoin can go down, or how much it can go up.

The current state of Bitcoin looks like we will see Bitcoin pumping after the next halving, which is expected to be huge.

In the crypto market nothing is impossible so every investor should keep in mind that anything can happen here for which there should be certain preparation. Recent prices are so low as compared to all the time higher worth as it dumps to 60k$ and sometimes the predictions show to be accurate while sometimes the market is going in the opposite direction to the predictions.

Now the market is unpredictable so the next price will be based on the effects of halving if halving remains useful for investment like that of previous halving then price will pump otherwise it can also be possible that this halving differs from that of previous halving but still we have time and we can hopefully see another pump.

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Quote from: Zanab247 on April 15, 2024, 11:53:34 AM

Don't spend all your profits you made from the bull run, so that when the season to buy come you will not find it difficult to buy BTC because the time to buy is very near to those that prepare for it.

The season to buy additional Bitcoin in preparation for the bull season is already here because the market is now giving us more chances to buy Bitcoin at a cheap price then what we would had bought when Bitcoin was at $72,000, the price is dropping again therefore we should not miss this chance. This might be the last time we'll see Bitcoin low because Bitcoin halving is coming in few days time. Bitcoin pumping before the halving was very surprising to me as I thought Bitcoin price pumping will happen after Bitcoin halving is over and not before the halving starts. The pump made many people to think that we are in the bull market and the market would not dump again before the halving but the market is now dumping just before the halving and this is what was expected of the market to happen. I think we can expect Bitcoin to dump below $50,000.

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The current state of Bitcoin's price doesn't seem like Bitcoin's price will increase before the next half. Currently the price of Bitcoin is very low, currently the price of Bitcoin is 61k. You said here that JP Morgan predicts that Bitcoin will drop to 42K before the halving, but personally I don't think Bitcoin can go that low, if it really goes down it will drop to 55k at most, but we No one can say with 100% certainty exactly how much the price of Bitcoin can go down, or how much it can go up.

The current state of Bitcoin looks like we will see Bitcoin pumping after the next halving, which is expected to be huge.

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Quote from: Franctoshi on March 15, 2024, 07:33:17 AM

Quote from: Sorryfor on March 15, 2024, 06:30:02 AM

~Snip

Like I said in one of my previous posts here that Bitcoin was way too overbought 85% RSI level, based on my experience and the strategy I used to sell and buy, Bitcoin has never failed to react when it reaches the 85% RSI daily level, and just fewer days after I said that, yesterday and today Bitcoin has dropped $8k from its $73k the highest price to $65k the lowest price since we claimed $70k price level, and we are few steps away to test the 50% day RSI indicator which is likely to bring us to a price near $55k and which is also in agreement with 50 day SMA price retrenchment, and that presents another good opportunity to buy more Bitcoin.

Many traders and investors sell their bitcoins in anticipation of a price decline or correction when they find an indicator that allows the price to fall, but the bad result is that the market collapses due to high selling pressure. Of course the positive side is that any investor with a budget will buy more on dips and accumulate, this will make their average purchase price lower and have the opportunity to get a bigger return when the price recovers and breaks the previous ATH.

Many people wonder how holders are doing because as a result they are the ones who suffer the biggest losses when a big decline occurs, but as holders they seem to be relaxed because a decline of a few percent like yesterday is normal. High volatility ahead of the halving is very natural regardless of whether the existing indicators are correct or not.

Topic: Bitcoin pump|before halving - page 3. (Read 801 times)