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Topic: Bitcoin's second biggest weekly gain happened yesterday (Read 377 times)

sr. member
Activity: 1456
Merit: 326
Eloncoin.org - Mars, here we come!
as you mentioned 25k$ in February of this year so I will talk about its price that it's price enhances more than 25k$ and it goes up to 28k but now its slightly down from 28k$ to 27k$. So there is no accurate prediction about what will be its higher worth.

May be in coming month its cross the value of 28k$ and may be it become down again so we cannot say about its actual worth for the future. There is no one who will have definite information about the future of Bitcoin because market is not trustable and is not constant so we have to wait if we have some profit then selling some part of it is crucial while at lower price selling will be a foolish idea.

The market is not stable yet so we cannot say that what will happen but we should keep eye on price and group chatting for the information we want to follow for successful outcomes.
sr. member
Activity: 1358
Merit: 253
For the long term I'm not worried about the performance of bitcoin, but in the short term it seems that the price will again fall below $ 20k, because the current price position is around $ 20,075 even on huobi it has fallen to $ 19985, of course we hope that positive sentiment will appear again and make the price it can rise again, if the price drops below $20k again it will take even longer time to recover or touch the ATH that happened 2 years ago.
legendary
Activity: 2716
Merit: 1102
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I don't know any negative news related to bitcoin price dropping significantly today, I thought the support area will hold $21k and will never drop below it, but my prediction was not right and the market has been going down non-stop for several days this week, March this year has also been bad for bitcoin and is no different from last year's moves, I hope to never see the price below $20k and a price recovery should happen soon to prevent the price from going any lower.
Today the Bitcoin price is still at $20K and not below that, but if the support area is not strong around that price range this month. So there is a possibility that the price will fall again, although I also hope that a quick recovery can occur in Bitcoin to prevent many people from panicking. Today I was surprised when I saw the price decline that continued to occur in Bitcoin, because this reminded me of last year where the decline was always more dominant in the market than the increase.
sr. member
Activity: 2506
Merit: 368
At the moment the dip has gotten dipper since bitcoin lost about 3% further in the last one hour at the moment, bitcoin is struggling with the resistant level of $20kBTC price and this is one of the biggest drops since the rise in January and in February we witness similar drop but not as dip as this one.

But what I know is that it will not take up to 48 hours before we see the recovery will happen, and as it is, the 25k price has become a target to be achieved before the end of this month.
Just what kind of FUD makes Bitcoin to dip even dipper?

I expected it to be at least staying at $22k to $23k but things got more complicated although, Bitcoin need this in order to achieve the next higher resistance. But for now, they might just have to enjoy buying this dip and proceed to hodl for a long time since it won't budge yet after a week IMO perhaps a whole month will make a change of it. Though we never know what lies ahead but proceed with care since the market isn't just that easy to predict.
hero member
Activity: 910
Merit: 507
At the moment the dip has gotten dipper since bitcoin lost about 3% further in the last one hour at the moment, bitcoin is struggling with the resistant level of $20kBTC price and this is one of the biggest drops since the rise in January and in February we witness similar drop but not as dip as this one.

But what I know is that it will not take up to 48 hours before we see the recovery will happen, and as it is, the 25k price has become a target to be achieved before the end of this month.
legendary
Activity: 2814
Merit: 1192
I have observed that Bitcoin's momentum has decreased since it reached the $25,000 mark, resulting in a failure to meet expectations Cry.

Maybe it's not bitcoin that failed the expectations but the expectations were too high for the market that we're in?

The bears have been dominating the market, with losses amounting to half of the gains made this year since the beginning of March. At present, the price is trending towards the $21,050 range, and it is anticipated that the sell-off will not dip below $20,000, with a potential shift in direction expected before the week's end.

They've been dominating the market since November 2021, that's why it's called the bear market.

No dip below 20k? Like it was anticipated in 2022 that we wouldn't go below that level?
The only thing that I'm quite sure of is that the bottom is in. That said, we could go to 16k again and the bottom would still be in. The market is so manipulated with only 20% of bitcoin being liquid and tradable at any moment, that with enough pressure you can expect any exchange to crash, just like they did last year. Dos it change anything for bitcoin? No, because it's still going up after the halving, so unless you've got bills to pay and bitcoin as your last source of funds, you have no reason to worry.
full member
Activity: 854
Merit: 130
I have observed that Bitcoin's momentum has decreased since it reached the $25,000 mark, resulting in a failure to meet expectations Cry.

The bears have been dominating the market, with losses amounting to half of the gains made this year since the beginning of March. At present, the price is trending towards the $21,050 range, and it is anticipated that the sell-off will not dip below $20,000, with a potential shift in direction expected before the week's end.
hero member
Activity: 1414
Merit: 542
The correction at the beginning of this month was not that big because the price was still able to hold on to $ 23k but if more negative news is released, there is a possibility that bitcoin will drop deeper to $ 21k-$ 22k. So prepare yourself for all eventualities and don't be late to buy at that low price.
I don't know any negative news related to bitcoin price dropping significantly today, I thought the support area will hold $21k and will never drop below it, but my prediction was not right and the market has been going down non-stop for several days this week, March this year has also been bad for bitcoin and is no different from last year's moves, I hope to never see the price below $20k and a price recovery should happen soon to prevent the price from going any lower.

There was the US FED saying that inflation is not closing down and then Silvergate closing and filing for bankruptcy. So I guess this two negative news really put a lot of pressure in the market again in the last couple of days, specially for this week.

Now, we don't like what we have seen, as we are in the $20k'ish again.

Perhaps March will still continue and hold it's streak as one of the worst month for us.
hero member
Activity: 2282
Merit: 589
The correction at the beginning of this month was not that big because the price was still able to hold on to $ 23k but if more negative news is released, there is a possibility that bitcoin will drop deeper to $ 21k-$ 22k. So prepare yourself for all eventualities and don't be late to buy at that low price.
I don't know any negative news related to bitcoin price dropping significantly today, I thought the support area will hold $21k and will never drop below it, but my prediction was not right and the market has been going down non-stop for several days this week, March this year has also been bad for bitcoin and is no different from last year's moves, I hope to never see the price below $20k and a price recovery should happen soon to prevent the price from going any lower.
full member
Activity: 2170
Merit: 182
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What do you guys think? Is this Whale manipulation or Bear market is over and we might see a new ATH by end of this year?


I think this is just another hype and correction meaning there are chance that this will happen again and again as we are going to pump as the Halving near to come?
there are year or 2 that needs to wait and let us see when to happen but for now?

 
maybe contented in the price is what we need and also take the advantage to buy more while the price is cheaper than the potential price in the next couple of years.



And today I was also surprised when I saw the lowest price on Bitcoin which was even below $22K, although not so long ago it immediately returned to above $22K again. This means that the $22K level is the lowest price this month before Bitcoin shows a better price than last month on the market, so I am also still very optimistic that Bitcoin still has greater support for the next increase this month even though today's correction surprised me a little
and sadly continuously dumping now mate, as we are now near lowering 21k , the hope is still there but it seems this is the beginning of another dump this 1st quarter.
hero member
Activity: 2604
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Before that I also thought bitcoin would correct at 22k4 and close the candle at that ceiling before the end of the month, but my prediction was wrong, bitcoin still shows a guaranteed $23k. Maybe that is the next bottom with greater support.  Last week of February correction is generating optimism and that is what I believe bitcoin will make even bigger stops to break 30k soon
And today I was also surprised when I saw the lowest price on Bitcoin which was even below $22K, although not so long ago it immediately returned to above $22K again. This means that the $22K level is the lowest price this month before Bitcoin shows a better price than last month on the market, so I am also still very optimistic that Bitcoin still has greater support for the next increase this month even though today's correction surprised me a little
Even though the bitcoin price has now fallen back to $23k, I remain optimistic we will see a price higher than now and even higher than $25k in the near or medium term. The target for the next rally is to break through $25k and even $30k if bitcoin can rise to that price. But we'll see how strong the support will come into the market to lift the bitcoin price and how far the bitcoin price can move up. The correction at the beginning of this month was not that big because the price was still able to hold on to $ 23k but if more negative news is released, there is a possibility that bitcoin will drop deeper to $ 21k-$ 22k. So prepare yourself for all eventualities and don't be late to buy at that low price.
hero member
Activity: 2870
Merit: 594
Before that I also thought bitcoin would correct at 22k4 and close the candle at that ceiling before the end of the month, but my prediction was wrong, bitcoin still shows a guaranteed $23k. Maybe that is the next bottom with greater support.  Last week of February correction is generating optimism and that is what I believe bitcoin will make even bigger stops to break 30k soon
And today I was also surprised when I saw the lowest price on Bitcoin which was even below $22K, although not so long ago it immediately returned to above $22K again. This means that the $22K level is the lowest price this month before Bitcoin shows a better price than last month on the market, so I am also still very optimistic that Bitcoin still has greater support for the next increase this month even though today's correction surprised me a little
It's because of the Silvergate news that pushes the price to go down again. Me as well was surprised and have to look at the reasons on why the price suddenly goes down -6% the most and billions wipeout.

Quote
The price of Bitcoin (BTC) has fallen more than 5% from $23,500 to $22,240 in just over 60 minutes, amid a wave of uncertainty concerning crypto-friendly bank Silvergate Capital.

The price drop has wiped $22 billion from Bitcoin's total market capitalization, which is now at $430.9 billion, according to Cointelegraph Markets Pro.

https://cointelegraph.com/news/bitcoin-price-slides-5-in-60-minutes-hitting-two-week-low-amid-silvergate

Nevertheless, we should be positive that we can bounce back again to $23k-$24k range this month. $25k will be better as this seems to be the magic number as it is the biggest resistance right now.
sr. member
Activity: 1288
Merit: 253
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Before that I also thought bitcoin would correct at 22k4 and close the candle at that ceiling before the end of the month, but my prediction was wrong, bitcoin still shows a guaranteed $23k. Maybe that is the next bottom with greater support.  Last week of February correction is generating optimism and that is what I believe bitcoin will make even bigger stops to break 30k soon
And today I was also surprised when I saw the lowest price on Bitcoin which was even below $22K, although not so long ago it immediately returned to above $22K again. This means that the $22K level is the lowest price this month before Bitcoin shows a better price than last month on the market, so I am also still very optimistic that Bitcoin still has greater support for the next increase this month even though today's correction surprised me a little
hero member
Activity: 2814
Merit: 734
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This movement is not to be relied upon by investors. It looks like the spikes coming from the slope of the last correction around $22k. I expect this kind of volatility once in a while until the first quarter of this year is exhausted and then second quarter will begin another phase of the rally until it gets closer to halving.
now we are in the last month of first quarter and yet we are in struggling to take high to 30k (as it is the resistance now) though we had a good spike from 14k to 25k and that is a good hype when 2022 is really a hard year for the whole market.
22k correction might true and now we are trying to maintain this position and taking 25k as new positioning soon this march.
I am looking at the charts right now and there is something happening, there was a very large red candle and bitcoin lost more than 1k in just a single hour, the bulls are trying to stage a comeback but I do not know if something happened for this candle to appear out of nowhere.

And the worst part is that the day is just starting out, if this negative trend continues we could close below 22k, a level we have not seen since February 14th.
full member
Activity: 2520
Merit: 204
This movement is not to be relied upon by investors. It looks like the spikes coming from the slope of the last correction around $22k. I expect this kind of volatility once in a while until the first quarter of this year is exhausted and then second quarter will begin another phase of the rally until it gets closer to halving.
now we are in the last month of first quarter and yet we are in struggling to take high to 30k (as it is the resistance now) though we had a good spike from 14k to 25k and that is a good hype when 2022 is really a hard year for the whole market.
22k correction might true and now we are trying to maintain this position and taking 25k as new positioning soon this march.
hero member
Activity: 1470
Merit: 790
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Yesterday Bitcoin had the 2nd biggest weekly gain in almost a year. At moment it is just hovering around the 25k mark. Either it might break this mark or we might see a fallback.



What do you guys think? Is this Whale manipulation or Bear market is over and we might see a new ATH by end of this year?



We are all tired of the fact that the price of bitcoin is not flying up, as it was before, and I think that this candle is just a coincidence of good news and buying by big players. And this is not some kind of signal, just a coincidence.
full member
Activity: 1428
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This movement is not to be relied upon by investors. It looks like the spikes coming from the slope of the last correction around $22k.
Before that I also thought bitcoin would correct at 22k4 and close the candle at that ceiling before the end of the month, but my prediction was wrong, bitcoin still shows a guaranteed $23k. Maybe that is the next bottom with greater support.  Last week of February correction is generating optimism and that is what I believe bitcoin will make even bigger stops to break 30k soon
hero member
Activity: 1876
Merit: 721
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This movement is not to be relied upon by investors. It looks like the spikes coming from the slope of the last correction around $22k. I expect this kind of volatility once in a while until the first quarter of this year is exhausted and then second quarter will begin another phase of the rally until it gets closer to halving.

Agreed. The recent market recovery has given investors a lot of confidence after the market's continuous downtrend. But now after the pullback of the market again the downtrend thinking has come back among the investors. The market is now in such a position that it is difficult to determine the future direction of the market in the short term.
sr. member
Activity: 2366
Merit: 332
This movement is not to be relied upon by investors. It looks like the spikes coming from the slope of the last correction around $22k. I expect this kind of volatility once in a while until the first quarter of this year is exhausted and then second quarter will begin another phase of the rally until it gets closer to halving.
legendary
Activity: 3052
Merit: 1188
Yesterday Bitcoin had the 2nd biggest weekly gain in almost a year. At moment it is just hovering around the 25k mark. Either it might break this mark or we might see a fallback.



What do you guys think? Is this Whale manipulation or Bear market is over and we might see a new ATH by end of this year?
Does this mean anything specific for the future though? I understand that it was a good increase, and I am happy to see it, but are we going to see it keep going up, does this mean a start for the bull run? Or is it just a regular situation and nothing major?

I can't really say which one it is but I can say that it is definitely not what I can guarantee at this moment, it is definitely not a sure thing, maybe this big increase wasn't something good? I hope that it is something good, but I am guessing that it may not be at all as well. I don't mean that bitcoin will go down, hopefully it will go up, I am just saying that it is not a must at all, it may change.
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