Topic: BITCOIN will rise - page 5. (Read 826 times)
This might not be a useful news to short term holders and the on-chain chat is also not enough technical tool to establish any investment advice. It takes a confluence of atlas two market analytical tool to point towards a particular direction for an investor to make an investment decision. There might be indication for a rise in bitcoin price but i don't see it happen anytime soon
I think what @Ratimov said there is a bit of consideration for Bitcoin ATH just finished, I think even though Bitcoin is experiencing a decline, This does not mean that Bitcoin will soon rise to a higher level than ATH that has ever happened, I actually think Bitcoin will increase in the next 2-3 years.
Maybe that's what's on my mind apart from analysis, predictions, charts and also circulating supply.
Price fluctuations are dynamics that must always be present in bitcoin trading, of course. But most importantly right now I think bitcoin can still hold above $40K after dropping to $35K (more or less) on February 24th.Maybe that's what's on my mind apart from analysis, predictions, charts and also circulating supply.
Today bitcoin is still recorded to have lost 40% of its price since the last ATH, meaning we are still in a bearish period since November 2021 until now although there have been several attempts for recovery. There is a possibility that the price could fall further if the demand in the market falls, and that will be an important factor for bitcoin.
On-chain data on glassnode shows:
Shocking bitcoin supply on centralized exchange, less and fewer bitcoins are stored and traded on CEX exchange.
The number of holders from 1-10 BTC has increased a lot (orange line) in the past 2 weeks.
The market has endured more than 4 months of decline, are we preparing for a new bullish season?
thank you for providing important information about Bitcoin, if it is true that the Glassnode indicator is correct, Shocking bitcoin supply on centralized exchange, less and fewer bitcoins are stored and traded on CEX exchange.
The number of holders from 1-10 BTC has increased a lot (orange line) in the past 2 weeks.
The market has endured more than 4 months of decline, are we preparing for a new bullish season?
and Bitcoin will experience a Pump again, it seems sideways this time it is a good thing to buy some Bitcoin to hold, I often read on glassnode, but not all of them can read,
and I am very lucky to have this information, technically analysis Bitcoin has also broken out of $40000, and there is an opportunity to go up and return to $50000, hopefully
I think what @Ratimov said there is a bit of consideration for Bitcoin ATH just finished, I think even though Bitcoin is experiencing a decline, This does not mean that Bitcoin will soon rise to a higher level than ATH that has ever happened, I actually think Bitcoin will increase in the next 2-3 years.
Maybe that's what's on my mind apart from analysis, predictions, charts and also circulating supply.
The market has endured more than 4 months of decline, are we preparing for a new bullish season?
Maybe let's prepare for the worst as we cannot assure that we already see the dip, there's a possibility that bitcoin will continue to dump and will cause another panic. It's safe to expect that after the bear market, we will expect a new bullish season. Also, my basis is the history of crypto and at this point of view, it seems like I already see this kind of scenario in the past.
However, I don't weigh much and rely on history repeating itself, it sometimes happens but often is not. Bitcoin will absolutely rise but we never know when. Bitcoin price keeps it level from $38k - $42k for almost 3 months which is literally not bad. If this still is going to happen the next quarter, I could say that can't see ATH this year, we'd rather see more on corrections.
I see bitcoin price start to grow and improve. From the last few months bitcoin has indeed been in a bearish phase, and now bitcoin has shown its bullishness, maybe it's time for the price to start rising, and I think now is a good time to buy, because we see that there are fewer stocks and more people adopting bitcoin.
March now the market looks better even though there are frequent small corrections but price movements continue to improve, this is what makes us have to be optimistic that bitcoin will soon skyrocket like 2021 which reached more than $60k in april then more than $69k in november.
I don't think it will spike to 60k in the short term and hit new ATHs this year, nothing can be confirmed as such. I expect a price of 50k for this bull run.
So why does people need to believe in this system?
Spiking to 60k this soon wont happen but with this whole year? i believe there is possibilities .
The market has endured more than 4 months of decline, are we preparing for a new bullish season?
Maybe let's prepare for the worst as we cannot assure that we already see the dip, there's a possibility that bitcoin will continue to dump and will cause another panic. It's safe to expect that after the bear market, we will expect a new bullish season. Also, my basis is the history of crypto and at this point of view, it seems like I already see this kind of scenario in the past.
I don't think the price of this bitcoin will go down anymore, it will go up now. Because you notice that in the last few months, there have been many attempts to reduce the price, but the investor has not allowed the reduction. It dropped to a low of 35K$ but rose again. This means that the demand has increased. So I hope its price will go up soon and not likely to go down.
What are those attempts? Are they the fuds, the bad news, etc but they are successful because the price has decreased last time but now we can see it's recovering again although we should not celebrate just yet. An increase doesn't mean it will continue because the market is still unpredictable and anything can happen, we don't know maybe next day the price will nose dive again.You as an investor, even if you don't allow the price to go down and you don't support selling, there will be someone that will oppose and the price will still go down but you should not follow the flow. If you are more faithful on hodling you can carry on because you know that long term hodling gives you a better return.
I see bitcoin price start to grow and improve. From the last few months bitcoin has indeed been in a bearish phase, and now bitcoin has shown its bullishness, maybe it's time for the price to start rising,
The price has risen but that's not an indication that we're already bullish, or did we really got into the bearish market? Long term holders who have been holding under $20k and $10k will say that there's no bearish market that came to the market when the bull run started on 2020.Or if there is, then those were the usual plummets/corrections that really has to happen when it pumped that much.
and I think now is a good time to buy, because we see that there are fewer stocks and more people adopting bitcoin.
Think of it before buying, if you think that the price is lower this time and you don't mind holding for quite a long time, yeah good time to buy. 
This graphic only shows us that less traders/investors will keep their coins in the centralized custodial exchanges.This is a good signal,but it doesn't necessarily mean that the Bitcoin price(and altcoin prices) will hit the moon.
It means that the centralized exchanges are slowly becoming obsolete,in terms of supporting the global cryptocurrency adoption.More cryptocurrency users will keep their coins in their cold wallets,which is the core principle of cryptocurrencies."not your keys,not your coins"
Anyway,like other forum members have said-The price can't grow without growth of the demand.
We don't see any kind of growth in the demand for BTC/altcoins.Maybe it's too early to expect such growth.
It means that the centralized exchanges are slowly becoming obsolete,in terms of supporting the global cryptocurrency adoption.More cryptocurrency users will keep their coins in their cold wallets,which is the core principle of cryptocurrencies."not your keys,not your coins"
Anyway,like other forum members have said-The price can't grow without growth of the demand.
We don't see any kind of growth in the demand for BTC/altcoins.Maybe it's too early to expect such growth.
Yup. I know I can't be the only one sometimes forced to dig into Bitcoin we score we'd never touch so soon (happily for me, have been also fortunate enough to take advantage of unexpected dip opportunities to even it out. I never really bought the theory that inflation and recession leads the regular guy to get further exposure to Bitcoin. Doesn't make sense to take on more risk when you need to keep your gas running.
For those who know how to assess the situation a little better, key decisions are made long before prices skyrocket, not after we find ourselves in the midst of inflation and war. People will say that it is impossible to estimate when such things will happen, but the consequences of the pandemic simply had to surface and there is no more hiding than the fact that ordinary people will have to pay for everything politicians did during that time.
I doubted that the four-year cycle would continue and I decided to take a share of the profits on the last ATH which now turned out to be completely correct. I now use that money for all those things that I would not otherwise be able to buy from my regular income. Although I know the potential of Bitcoin, I can hardly decide on such an investment at the moment - I just don't have the cash I don't need at the moment.
Shocking bitcoin supply on centralized exchange, less and fewer bitcoins are stored and traded on CEX exchange.
I never liked speculating price by looking at what is happening on chain because I don't find a strong relationship between the two. For example take this line you posted here. The main reason why supply on centralized exchanges go down (or up) is how volatile the price is.What is the "supply on centralized exchange" anyways? Is it not the bitcoins that users deposit on exchanges? Why do people make such deposits? To trade with. They do that when price is making big moves. For example one trader may sell after a big rise to buy back after the small correction, etc. But when price becomes more stable or market becomes less predictable, the traders tend to stay away from the market because it becomes harder to make profit. That means they withdraw the coins they had on exchanges and "supply on centralized exchange" goes down.
You can't predict the market this way because it shows what happened so far not what is going to happen.
I see bitcoin price start to grow and improve. From the last few months bitcoin has indeed been in a bearish phase, and now bitcoin has shown its bullishness, maybe it's time for the price to start rising, and I think now is a good time to buy, because we see that there are fewer stocks and more people adopting bitcoin.
March now the market looks better even though there are frequent small corrections but price movements continue to improve, this is what makes us have to be optimistic that bitcoin will soon skyrocket like 2021 which reached more than $60k in april then more than $69k in november.
We shouldn't just look at the per month movement, April historically shows that it's not the best, with tax filing around every country. So just be careful with your prediction as it doesn't make sense to say that it will skyrocket like 2021 because it won't as we are in the bear market already. I know what you feel, we all wanted to see the bull run continue but in this market, it's not always like that, there are 2 opposite side, the bear and bull, and so far, I think we are in a bear market already.
When it comes to inflation, people are faced with a lack of money for basic necessities, so the question is whether they have any money at all for any investment.
Yup. I know I can't be the only one sometimes forced to dig into Bitcoin we score we'd never touch so soon (happily for me, have been also fortunate enough to take advantage of unexpected dip opportunities to even it out. I never really bought the theory that inflation and recession leads the regular guy to get further exposure to Bitcoin. Doesn't make sense to take on more risk when you need to keep your gas running.
Today Market Rising Again and has reached $ 41800, making me optimistic that Bull Run immediately happens, we still have the opportunity to profit if you buy immediately, I'm sure the month of March will touch $ 50k again and April or May will reach New ATH. Focus Buy, and Hold will make us happy.
You the kind of guy who feels optimistic with this kind of rise? Dread to think what kind of dark thoughts you get when the market slips 5% or more -- since it happens pretty much more often that I get the chance to get a full 8 hours' sleep
Opportunity to profit is also rather persistent, though, am sure the silent scalpers would agree.
The market now is really different, I am glad about it.
We are definitely in a different environment than 4-5 years ago, because large amounts of BTC ended up in the possession of institutional investors, and they mostly bet in the long run and have credit for some claiming that there is less liquidity on crypto exchanges. Yet this is far from any serious shortage that would arise if some big investor wanted to buy some larger amount of BTC and the market could not meet his demand. If we know that there is an OTC market as well, then we probably have several million BTCs on sale at any given time.
I believe most of people now are being introduced with Bitcoin because of inflation right now on fiats, and you will see that most of people are intended to hold it off exchanges and this is very good news.
It would be more accurate to say that many people have heard of Bitcoin, but are not too interested in such investments. One of the reasons is that negative stories about Bitcoin being harmful to the environment are constantly circulating in the media, not to mention how Bitcoin, without any concrete evidence, is often put on a par with crime and terrorism. The average person still trusts the mainstream media and politicians more than some random guy who writes or talks about Bitcoin online.
When it comes to inflation, people are faced with a lack of money for basic necessities, so the question is whether they have any money at all for any investment.
I see bitcoin price start to grow and improve. From the last few months bitcoin has indeed been in a bearish phase, and now bitcoin has shown its bullishness, maybe it's time for the price to start rising, and I think now is a good time to buy, because we see that there are fewer stocks and more people adopting bitcoin.
March now the market looks better even though there are frequent small corrections but price movements continue to improve, this is what makes us have to be optimistic that bitcoin will soon skyrocket like 2021 which reached more than $60k in april then more than $69k in november.
I don't think it will spike to 60k in the short term and hit new ATHs this year, nothing can be confirmed as such. I expect a price of 50k for this bull run.
I believe most of people now are being introduced with Bitcoin because of inflation right now on fiats, and you will see that most of people are intended to hold it off exchanges and this is very good news.
And there is also one thing I've noticed to the investors, they are quite learned how to control their emotions. Holding seems to see during the crisis and even the ATH, we never see huge selling volume which is an indication that people are really serious preparing for the future, likely aiming for the long-term.
I don't think the price of this bitcoin will go down anymore, it will go up now. Because you notice that in the last few months, there have been many attempts to reduce the price, but the investor has not allowed the reduction. It dropped to a low of 35K$ but rose again. This means that the demand has increased. So I hope its price will go up soon and not likely to go down.
Today Market Rising Again and has reached $ 41800, making me optimistic that Bull Run immediately happens, we still have the opportunity to profit if you buy immediately, I'm sure the month of March will touch $ 50k again and April or May will reach New ATH. Focus Buy, and Hold will make us happy.
On-chain data on glassnode shows:
Shocking bitcoin supply on centralized exchange, less and fewer bitcoins are stored and traded on CEX exchange.
The number of holders from 1-10 BTC has increased a lot (orange line) in the past 2 weeks.
The market has endured more than 4 months of decline, are we preparing for a new bullish season?
(.....)
I believe that this is one of the reasons why we keep bouncing and these past few weeks we really don't dump hard just like before when the market cap of Bitcoin is very low or when the price of Bitcoin is still below $20,000. The market now is really different, I am glad about it.Shocking bitcoin supply on centralized exchange, less and fewer bitcoins are stored and traded on CEX exchange.
The number of holders from 1-10 BTC has increased a lot (orange line) in the past 2 weeks.
The market has endured more than 4 months of decline, are we preparing for a new bullish season?
(.....)
I believe most of people now are being introduced with Bitcoin because of inflation right now on fiats, and you will see that most of people are intended to hold it off exchanges and this is very good news.
Jump to: