Topic: Bitcoin Up Move Incoming (Read 555 times)

We must have to be smart in carrying out trading strategies and that is the real risk in short-term trading which is clearly visible, but in the long term we might be a little calmer.

related to price increases It is always based on demand which is very appropriate and if more and more people and institutions accept and use Bitcoin it means positive ecosystem growth so the greater the possibility of price growth.

Right, and that is the beauty of bitcoin, we can go back to those early predictions and compare it with the current price, and so far we have a huge run again and as per coinmarketcap, 1.x% in the last 24 hours, price is 37,600 as compare to 3 months ago wherein we have a hard time to crossed $28k and it was the biggest barrier.

Definitely, there will be demand short term, due to the fact that we are just several months for the block halving, which is the catalyst for the next bull run and eventual all time high again. So investors are going to flock till December and be ready and prepare to this very exciting event next year. And personally, I'm seeing the price maybe around $41k-$43k at the end of the year.

Its always basing up on the demand, no one really had anticipated that we are playing around 37k on which we are already anticipating that the price would be playing around 30k+ price and below but since it is really just that pointing or focusing with those sideways movement on which i couldn't blame out people on which we do really hesitate with these levels.  Bitcoin moving up income is something that would really be raising up
questions on when it would happen since this market is always been that unpredictable. There's no way that we could really be able to predict on whats ahead. This is why positioning yourself within the market
would really be needing that corresponding risk taking thing before you would be making out such step. You wont really know on whats next and there's no way that we could be able to tell.

This is why if you do go for short term trades then you should really be setting out Plan B's if ever A's would really gonna fail and make C for B and so forth. It would really be a never ending kind of
trial and error which is really that very normal for this market since it is really that truly random and there's no way that you could really be able to handle out on where
it would be going. Random results is there and this is why it would be common that impressions would really be that so much the same on each
person. Risks taking will really be someones different level of tolerance.

When this posts was posted it's over three months now and bitcoin price is accelerating, before now the price of bitcoin was approaching to twenty eight thousand before it collapse and fall to twenty seven thousand to twenty six thousand in which I believe that the price of bitcoin is increasing to extent of reaching twenty seven thousand today, so as of October 2023 may people who was predicting that price of bitcoin is increasing above expectations,  it basically base on the demands.

Bitcoin has surpassed $37K – only to fail to maintain value above it for much longer. Some time ago it almost broke $38K before a correction - but today bitcoin started testing the $37K resistance again which seems easy to break.

$40K is the most expected price towards the end of the year - it may or may not be achieved, but the odds and expectations are very good. Increased optimism about ETF approval will lead investors to buy more bitcoin and accumulate it in their long-term investment baskets - it will certainly create a huge price spike so that $40K is not a hard price milestone for bitcoin.

Be optimistic - the storm will pass. We are already in the initial bullish phase - but the price recovery has started since the start of the year.

Bitcoin's stance doesn't look that strong to me, I know that it went up about $10k or more within the last couple of weeks but it has since been stable around that price and hasn't been able to go above $37k which is the highest point for it so far this year and I feel like it won't be able to go towards $40k within this year as we only got about one and a half months remaining. So, I'm more looking forward towards the first couple of months of the new year.

The first three months of 2023 were pretty good for the market because Bitcoin went from around $17k to $32k within that period which was a pump everyone was looking for to regain some hope after all the unfortunate things that happened last year including LUNA and FTX collapses. So, I'm expecting something good again this time around.

The chart you have created seems logical, but sometimes such charts are illogical. However, I think that since the price of bitcoin does not stay the same, rather it starts a long bull market and the price increases a lot. And what if you plan to invest for long term then never invest by looking at the chart but be interested in investing from any position in the market. Also, I believe some of the predictions many experts have made about Bitcoin, but most of the predictions are wrong. According to some predictions are correct, if the investment is followed by the market movements, then it is possible to hold it in the future to make a profit. And since the price of Bitcoin is currently hovering around $36,000, we can expect the price of Bitcoin to rise further this year.

Bitcoin upwards movement is the identification of Bull run and if it persist for longer timing then surely there will be bigger pump which will reach the price of bitcoin to almost 45k$ very soon. Previously there were negative news about bitcoin that Elon sell all their bitcoin so people get feared about bitcoin rise but now if we are examining this boost then everyone's trust will be more firm because nothing can effect bitcoin forever.

In previous months the price touched the value of 26k$ which increase again after some weeks and now it is more than 37k$. If during halving the Bull run remains same as that was four years ago then the cycle of bitcoin will confirmed and no one will miss the opportunity of buying bitcoin.

From the graph it looks good and the cutting lines you made also make a lot of sense. BTC is now re-testing the middle line a gaint hopefully the selling pressure is reduced so the price can rise again soon the current price is $36,368.

I personally am just more confident in the price of $40K for this year, because we also need to see the level of price persistence at that price this year, not just an increase that only occurs briefly. And now we have also seen how the price of Bitcoin moved between $36K to $37K or still below $40K this month so my confidence in the next price increase for this year is only up to $40K. Although next year there is a greater possibility of welcoming halving in Bitcoin.

I don't know why you think the price will be so high this year. The main event that can affect the growth will be in half a year, it will be the halving. Right now, the rise is on the expectation of etf approvals. So it's just market manipulation right now. Of course, I also hope that the growth will continue, but I don't see big volumes.

It's just how the market works, I mean we went to $35k and then after 24 hours, we bounce back again and so with that, the bullish sentiments remain. Just a matter of time when we see another move to $40k, specially if there is a good news again.

Short term though, if we look at the sentiments or at least some predictions, the market is going to move to $40k or even more. Short term means at least the end of this year, it's going to be good to see the price moving to $40k-$50k at least.

It has already come, haven't we realized it already? I believe that we are doing fine and we should be happy with the situation, I agree that we can't get 100% satisfaction rate on investors and some of them will always be unhappy, we can go to 100k today and there will be some unhappy people, we can go to 10k and we will have some unhappy people and any price in between we will have some unhappy people.

There is no need to really consider them as normal, the yare not normal, just look at the common people and the general outlook of the market. I believe that most people are happy with the situation and we would like to see even more, I get that it may not be all that easy right now, but we are getting there and we will definitely reach to a greater point eventually.

I hope that it will happen quickly, it should definitely reach to a point where it should be getting to a bigger and better point eventually and get a greater return for sure.

I appreciate your optimistic attitude about the price of Bitcoin about to reach a new ATH at the price of $100k+++.
That is indeed the speculation of many people and is the main point of the desired Bitcoin price increase.

The crazy bull run you're talking about could happen at any time according to the latest news on ETFs,
but the halving cycle will also provide a strong boost for Bitcoin to go higher.

But also have to be prepared with corrections that will occur before the halving or after the halving.
Whales will certainly play the market first to get a cheaper price.
As long as the trend is still good enough and Bitcoin can stay above the $30k price, this is still a good chance to reach the $40k price by the end of this year.

Bitcoin price is currently over 36k. It is growing. I think that the bull market in Bitcoin has started as it has risen above 10k in the last three weeks. That means last three weeks also its price was between 25k to 26k and right now it has increased to 36k. I think this time bitcoin price will be 45k to 50k.

And perhaps most people who are still willing to be patient will not immediately be afraid of market shocks before the pump occurs, because those who are very confident about a big pump in the market will still try to survive as best they can without being influenced to just give up their assets. The current price of Bitcoin is still not much different from last week so investors may not yet feel afraid to persist with the current conditions and will still be patiently waiting for a pump in the market.

28K is the current strong resistance since Bitcoin keeps pushing back hard whenever it hits that resistance but on the positive side, 25K and 26K level is still doing a good job for being a strong support to absorb strong sell-off pressure after a strong resistance. Bitcoin sideways is getting thinner and thinner which means there’s a strong price action coming either both side.

I don’t want exclude the possibility of insane pump to Bitcoin since bull run always come unexpectedly and in short notice. With just one positive news, Bitcoin price can even reach a 100k level with just a month since we notice already how strong the bulls when there’s a real positive news backing it.

Bitcoin is trying really hard to go above $28.5k but isn't being able to do that. It has tried more than twice, it went to $28.5k and now again it came down after reaching $28.2k which signals that $28.5k is becoming the new resistant and the market will now have to go across that area to be able to reach the least $31k which has been the most significant resistant this year which didn't let the market go anywhere above itself for more than 6 months.

So, seeing the current situation of the market, I also believe that Bitcoin wouldn't be able to go around $40k within the next two months and 3 weeks and we will need to wait to see what the new year brings for us, the starting of 2023 wasn't bad as Bitcoin went up almost $10k in the initial two months, but we can't be sure if 2024 will have the same positive vibes or not initially.

Either way a move is coming! The market looks confident for an upward movement and this is the right moment for manipulation. There will be a rally in the bitcoin market but it will not be that easy. I am expecting a correction this year to spread fear among investors. Whats wants to kick off the last of those patience holders who were holding all this time and thinking the bad time has gone. They will rally from here. This market doesn't give profits that easily. There will be a shake before the pump.

You see Fibonacci support level, I see Fibonacci retracement levels and if this is correct..

this is actually saying the price will pull back ~50% to 70% and then continue going down based on the given market structure, unless it breaks price at the 100% retracement. 

By eyeballing the charts, for me price becomes bullish the second it closes above $28500 as this is a clear shift of momentum which should influence more buyers to come in and push the price further up, otherwise we are still caught up in the bearish run,