Topic: BITCOIN will rise - page 2. (Read 880 times)

Not necessarily, we have witnessed in the past period a lot of fluctuation in the price of Bitcoin despite the many upward indicators, now with a lot of positive news we see Bitcoin in a downward phase instead of rising, there are many factors that affect the price of Bitcoin so according to my personal opinion it is not likely that We see a rise in the current period, but it is certain that the bullish season will start soon despite all this that is happening in the market.

I agree that there are too many people who think that they should be focusing on getting something and they are trying to perfect their predictions but the reality is that you can't do that, it is not that easy and you will probably end up with losing money if you only base your trading on your predictions.

It means that you need to check the market and do a TA in order to figure out what people are thinking, even with that market could surprise everyone and do opposite of what it should do as well, but at the very least you would be trading based on something concrete and not just your emotions, which means there is a higher chance of you making a profit.

Prediction is what made the crypto market more interesting and more people are getting into it for the belief of them getting more results from those prediction.
So i think id you are not willing to risk then never believe any of those prediction and instead make you own decisions .
That will save your asses mate .

It doesn't hurt, but it should also be giving you some caution as well. Be optimistic about bitcoin price, but do not rely on it like that's your income. You have to realize that there are people who do trading full time which means that if they are optimistic about it, they may lose a lot of money and their livelihood when they are wrong as well.

If you are long term investor then it is fine, be optimistic, even if it falls, you could earn a lot more later on. However, that works only if you are long term investor and a veteran and have diamond hands, if you are a trader, specially someone who does leverage for example then you will have to be less optimistic and more realistic.

On chain anaysis of bitcoin are too much bullish but the bitcoin price movement does not correlate the on chain anaylsis data. This shows that only the on chain and fundamental anaylsis is not sufficient to determine the price of the bitcoin and crypto currenccies. There are other demand and supply factors which determine the prices of bitcoin.
In the long term bitcoin will rise but for the short term combining both techinical and fundamental anaylsis may still not be sufficent to know the next direction of the market.

Seeing the development of bitcoin at this time of course I have no doubt that bitcoin will continue to rise, when there is a red then this is a good opportunity to buy because we can get a cheaper price, the community in many countries continues to increase and the daily transaction volume continues to rise. that the opportunity to rise is very easy to happen. just be patient then we can get big profit from bitcoin.

Despite the current decline and market condition, many people are still optimistic this year. Of course, we can't just ignore the possibilities but we also have to consider the market demand that becomes a factor in its slow recovery. We never lose hopes, however, we can't also assure that this year 2022 is still bullish. I'd tried to look at the history and it was to find out that after the Bullrun here comes the bear season and this is what we have experienced now.

Of course, whales, and crypto experts are dumb positive about what will happen next but most of the time, they overly think about the situation.

we know that 2021 is the year where bitcoin has experienced a high increase but also experienced a sharp decline, it can be said that bitcoin has fluctuated.
Of course, with a deep and impactful correction to date, it is certainly not profitable for bitcoin to be able to recover immediately, but will there not be another recovery?

I tried to summarize from some of the writings of analysts about bitcoin in 2022 which might provide enlightenment and can also predict;

- Christopher
"This year, there are more crypto miners and the largest in all corners of the world, thus making the Bitcoin price more storm-resistant,"
Nearest Bitcoin prices are at US$ 54,000-US$ 56,000. However, this year Bitcoin still has the potential to hit $100,000.

- Tom Lee
Bitcoin is worth between $15,000 and $50,000 in 2022. He mentioned that the two factors needed to reach the target price are investors now turning to cryptocurrencies and regulations aimed at legitimizing the digital asset sector. .

- Afid Sugiono
Bitcoin and other crypto assets will move slowly to rebound. several indicators that can provide positive sentiment on the movement of crypto assets, including Microstrategy, one of the big companies in the technology sector that bought Bitcoin 660 BTC.
Specifically regarding the tax by the Indian government of 30 percent on revenue from crypto asset transfers, the policy did not trigger a significant market response. The same thing happened when the Thai government announced it was canceling a 15 percent tax cut.

- The Ascent
In an article published on February 16, 2022, experts shared their thoughts on the possibility of Bitcoin rising to $200,000. Taking into account the unclear level of regulation by Congress, even though $200,000 Bitcoin would be good this year, it is unlikely to happen. However, given Bitcoin's strong deflationary nature and fundamentals the coin could hit new all-time highs in the $75,000 to $90,000 range.

- Katie Wood
has repeatedly stated that Bitcoin is likely to hit $100,000 by 2022. He further added that recent network updates and increased use of Lightning Network payment applications on the Bitcoin blockchain contributed to its scale and usefulness. Wood predicts that the value of one Bitcoin could exceed $500,000 by 2026. In January 2022, he updated his forecast saying that the price of one Bitcoin could reach $1 million in just 8 years.

so from the above summary we can conclude that everyone acknowledges that there is a positive impact and the possibility of an increase will occur, although there may be many obstacles that will occur and always FUD will affect all of that, but if we are optimistic then HODL your coin.

Whales aren't in full control of the market, small investors, and traders can move the prices as well. Yes, we put some consideration of their influence in the market, however, the situation doesn't look great, the market didn't show strong resistance and the price went declining.
I don't make off with that optimism but sometimes have to accept the reality that sometimes we fail in our target.

The current price of Bitcoin is $41k, and we are in the middle of April not that very close to $50k.

42k is reasonable area of significance because of the chart showing how often weekly bars close or open there.   Its not a normal pattern, its representing some point that can be taken as support or resistance.   For example second half 2021 was marked by 42k as its lowest price (roughly)
    So we did fail to hold 42k and its now also the place the 50 day average price resides so it somewhere to take as a good sign of  whether BTC price action ongoing will be positive or negative trend.


   Dollar index pulled from its highs nearly making triple figures, if  it can pull back or begin a period of decline that will help BTC act more positively.   We dont know which path it will take but likely BTC managing to get past this area and be positive is likely inverse to DXY acting weaker and also other data etc.
  For the moment BTC is above the 2 day average but thats nothing much vs BTC now restoring what was lost at this week beginning.

It doesn't hurt to be optimistic to see bitcoin price hit $50K again during April, it's always possible although not certain. Sometimes you don't have to wait for investors who come with a bag of fresh money to invest so the price goes up, but you just need to pay attention to day traders who are also able to raise prices after some positive fundamentals are in place.

But first, correct your quote.

It seems you are too optimistic if the price of bitcoin can reach $50K in the near future, I don't know what is your reasoning if bitcoin can reach $50K by the end of April?
 I am personally a little doubtful if bitcoin can experience a price increase this month, because as far as I know it seems investors still tend to be cautious in the midst of still high inflation in the United States (US) and the potential for the US central bank which more aggressive in determining its monetary policy , so that many investors may prefer to wait and see the current developments in American finance.

Exactly, the price will definitely hit $50,000, before the end of this month of April because the market is developing some signs, show that the price will soon move from $43,000 to $50,000. Many people will still achieve  something good from their long term investment because the price is about to be stable for long term investors to experience massive income from their investment. I believe this pumping people are about to experience from crypto market, it will last through out this year 2022 before it can dump back to $43,000.

The amount Bitcoin fell this recent week is much Lower on how much it gained from the weeks before, remember that last month bitcoin price subside to below 30k and now bitcoin still hanging to 39-41k meaning this is still higher than what we have recently.
and also the only much affected with this fall are those who wanted to gain easily and not knowing they might fall short time as bitcoin is designed for long term investing and not a day by day benefiting .

I think the current fall in bitcoin will not be long term. As you say, you can see a crisis in all markets right now, inflation is very high in many countries, including the US. This situation can have a positive impact on bitcoin and cryptocurrencies, because bitcoin is first of all not subject to inflation, and there are about 2 million left to mine.

The current Bitcoin drop maybe caused by the market circulation. Btc will have to experience a long correction and allow the market to consolidate to give opportunity to buy back and accumulate as a preparation for another bullish run.
Another run might take a little time from now, but will definitely change.
We can't be expecting a positive price action especially that we are facing a series of crisis that have affected most of the market including crypto.

Yes, and so if we even goes down hard to $37k-$38k, it could still work on our way and be favorable because many are going to accumulate at this price range and perhaps pushes the price once again.

However, it seems that the bulls are not giving up the position of $40k easily, when the price goes down at $39,xxx, it's just for a brief moment and then the price will go up again to $40k, just like we are seeing in the last 4 hours range.

It does mate, look after your post ? the value of bitcoin drops bad and now stays below 40k , that happened just for the last 3 days bitcoin fell down 15% and I hate this to happen.
That is why it is called prediction mate , and no one can perfectly get what would come , and now we are seeing sideways mate.

Yeah, even we saw the positive move of the market, however, we're still unsure of what happens next, can't assure if Bullrun will pursue or just get back to correction again. As I look at the chart, the trading line is still moving up and down, can't find strong supports that could hold the market from going down and this is really possible even if we saw the surge.

We couldn't assume that we are moving forward, definitely, the market moves sideways.

I also fear that this could happen, if  break the support that is at $42000 then it will fall towards $39000 but I doubt very much that I will be able to break the $39000, it is more likely that it will fall and as soon as it touches $39000 to  $41000 it starts to rise again because from what I see this support at $39000-$41000 is so strong that it generates a big rejection which makes the price go back up to test the resistance which is at $47000. it may also be the case that the price is oscillating between $42000 to $47000 for a long time like in the past until it decides to start having a big increase towards $60,000