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Topic: Bitcoin's second biggest weekly gain happened yesterday - page 2. (Read 311 times)

hero member
Activity: 2184
Merit: 718
The market will certainly change and maybe the $25k price can be reached again by the end of this month, anything is possible but of course we need big news to reverse the market correction but I believe that this year the price of bitcoin will be very high and hope it will be close to the price ath or even reach a new ath price, lots of hope for this year.
The month of February is not far away and it looks like it will be difficult for Bitcoin to rise sharply in three days from $23K to $25K even though that is a very likely thing for Bitcoin. But once Bitcoin has corrected, it always takes a little more time to rise and also needs a bit of good news to provoke a price pump in the market. I also believe that the Bitcoin price will be much better than the previous year this year, but it won't be soon before this correction is over.
hero member
Activity: 2590
Merit: 549
Rollbit
Don’t think too much. This might be just a market correction. Before taking any big steps, wait for few days and see the market. If we compare from OP’s post date, then today Bitcoins are at around 22k usd, so yes in the past 5 days we have seen Bitcoins struggling and falling down. So I won’t claim this type of situation as “Bear Market End”. Bitcoins are trying hard to break the 25k usd resistance and come up, but still we are seeing some pulls. End of February will definitely make it clear, where Bitcoins are projected to go. So let’s hope for best and wait patiently.

We we talk about when will the bear market ends, I don't think it would be this year. There's not much of bullish predictions this year though and people are anticipating something big next year for the next block halving. I'm expecting Bitcoin will roam around the region of $20k to $30k max in the coming months or even all throughout the year. It's better to not put our hopes high when we don't see any significant news that could potentially bring Bitcoin's price to a level where we are not considering a bear market anymore.
copper member
Activity: 2156
Merit: 536
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Don’t think too much. This might be just a market correction. Before taking any big steps, wait for few days and see the market. If we compare from OP’s post date, then today Bitcoins are at around 22k usd, so yes in the past 5 days we have seen Bitcoins struggling and falling down. So I won’t claim this type of situation as “Bear Market End”. Bitcoins are trying hard to break the 25k usd resistance and come up, but still we are seeing some pulls. End of February will definitely make it clear, where Bitcoins are projected to go. So let’s hope for best and wait patiently.
hero member
Activity: 2870
Merit: 574
It doesn't mean that it is going to stay this way, of course it could change and be a bit different or it could take some time to go up, but it is at least very good as it is right now. I believe that 25k+ will happen soon enough, and more will follow that right afterwards, just looking at the chart, it looks quite possible.
The market will certainly change and maybe the $25k price can be reached again by the end of this month, anything is possible but of course we need big news to reverse the market correction but I believe that this year the price of bitcoin will be very high and hope it will be close to the price ath or even reach a new ath price, lots of hope for this year.
It will hit again but we don't know when the $25k price will be reached while, at the moment, it's dropping and staying at $22k-$23k.
People don't need to worry because this is part of the correction that always happens in the crypto market so they just need to use this moment to buy more.
We are all still waiting for another new ATH, which might happen at the end of the year or next year but if that doesn't happen, we shouldn't be disappointed and must keep waiting for the arrival of a new ATH if we want to get big profits.
This situation is only temporary and will reverse direction again and get another rise.
hero member
Activity: 2702
Merit: 704
I bet you also want a price gain too more than the need for the bear. People have the assumption that a bear trap is going to happen so they think whales are behind the rise and fall of the price but you are right that it was only the nature of Bitcoin of being a volatile crypto. Bitcoin is too big too be manipulated easily. Halving could bring positive effects on BTC but we should not rush. The price can still be adjusting during or after the event.
We shouldn't rush to decide to sell in the current market, because the current movement is still normal after an increase, of course there are whales who take profits and they will start buying again for the next profit, so we shouldn't panic at the current price because there is no bad news. about cryptos and never existed, they will not be able to manipulate the market but the influence factor of news 'manipulation' will change the market price according to the impact of the news.
Investors need to remain calm, the price of bitcoin has been going down but if we really stop to think about this we will realize that the current downward movement is not that significant.

We are still way above the 20k level and as long as this is the case I will consider this market to still be on the right track to finish the year above 30k, so anyone thinking about selling should just take their time and take it easy as the market is still doing just fine.
sr. member
Activity: 831
Merit: 286
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It doesn't mean that it is going to stay this way, of course it could change and be a bit different or it could take some time to go up, but it is at least very good as it is right now. I believe that 25k+ will happen soon enough, and more will follow that right afterwards, just looking at the chart, it looks quite possible.
The market will certainly change and maybe the $25k price can be reached again by the end of this month, anything is possible but of course we need big news to reverse the market correction but I believe that this year the price of bitcoin will be very high and hope it will be close to the price ath or even reach a new ath price, lots of hope for this year.
hero member
Activity: 2968
Merit: 670
www.Crypto.Games: Multiple coins, multiple games
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?
What I can deduce from this is that neither the whales nor anyone else are manipulating the bitcoin price. it is simply fluctuating like it always does (up and down). The bear market is currently ongoing and is not over.

By the time of the halving season the following year, the price of bitcoin should reach its ATH.
I agree that it's fluctuating like always, but at a higher price than it was for months. That alone itself is making people super happy about it, and we were down to 21k just recently and went above 24k again, which is a good increase and we did that twice or so, maybe more, which is once again a proof that it is doing well enough that we could be happy about the potential increase.

It doesn't mean that it is going to stay this way, of course it could change and be a bit different or it could take some time to go up, but it is at least very good as it is right now. I believe that 25k+ will happen soon enough, and more will follow that right afterwards, just looking at the chart, it looks quite possible.
hero member
Activity: 2282
Merit: 589
I bet you also want a price gain too more than the need for the bear. People have the assumption that a bear trap is going to happen so they think whales are behind the rise and fall of the price but you are right that it was only the nature of Bitcoin of being a volatile crypto. Bitcoin is too big too be manipulated easily. Halving could bring positive effects on BTC but we should not rush. The price can still be adjusting during or after the event.
We shouldn't rush to decide to sell in the current market, because the current movement is still normal after an increase, of course there are whales who take profits and they will start buying again for the next profit, so we shouldn't panic at the current price because there is no bad news. about cryptos and never existed, they will not be able to manipulate the market but the influence factor of news 'manipulation' will change the market price according to the impact of the news.
hero member
Activity: 2492
Merit: 582
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If bitcoin didn't break through the $25k resistance price, why was there a need for the 13.5% gain price? Bitcoin has been circling about the $25k mark for the last few days and doesn't appear to be able to get there or over it yet.
Bitcoin did it. It already broke $25k last feb. 16 and then there was a follow up on the dates of; 19, 20, 21. You can see its historical price here: https://coinmarketcap.com/currencies/bitcoin/historical-data. Broken or not, people are always demanding for a price gain because this is the only way for them to earn a bigger profit.

I bet you also want a price gain too more than the need for the bear. People have the assumption that a bear trap is going to happen so they think whales are behind the rise and fall of the price but you are right that it was only the nature of Bitcoin of being a volatile crypto. Bitcoin is too big too be manipulated easily. Halving could bring positive effects on BTC but we should not rush. The price can still be adjusting during or after the event.
sr. member
Activity: 812
Merit: 349
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.


If bitcoin didn't break through the $25k resistance price, why was there a need for the 13.5% gain price? Bitcoin has been circling about the $25k mark for the last few days and doesn't appear to be able to get there or over it yet.

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?
What I can deduce from this is that neither the whales nor anyone else are manipulating the bitcoin price. it is simply fluctuating like it always does (up and down). The bear market is currently ongoing and is not over.

By the time of the halving season the following year, the price of bitcoin should reach its ATH.
hero member
Activity: 1344
Merit: 540
And we can't even maintain that level of increase, so that supposedly gain was just wipe out in a blink of an eye. That's why it should be steady gains that this kind of upswing that in the end we can't get nothing out of it, just saying.

So Bear market is not yet over by a long shot, and so ATH at the end of the year is not doable.

We should wait, the catalyst for a bull run is yet to happen this year.
hero member
Activity: 2912
Merit: 556
There is no need to think whether it is the manipulation of the whale or the bear market is over or we will immediately see a new ATH because if there is a decline, we are experiencing correction again. And if the price can increase again after this, we will see a higher price than now. If you are a long-term Bitcoin holder, you don't need to worry about the current situation and will use it to buy more bitcoin. The target price for you to sell Bitcoin is that after Bitcoin only makes a new ATH, your profits can be big, and before the price touches the last ATH, it is still a good moment to buy bitcoin.
legendary
Activity: 3500
Merit: 1162
www.Crypto.Games: Multiple coins, multiple games
It is not about having one good increase, it's about having a few in a row. For example, if you have 7 day periods where it goes up even if just 5%, having 5 of them in a row would start a bull run and I would be very much happy to see it, I would buy as much as I could because that's start of a bull run.

But, if I see 25% increase in a single day, I would not consider that anything at all, sounds and looks very well, but something that happened in a day could be gone in a day as well, something that happened 5 weeks in a row would not go down that easily, and it's something we worked hard to build so we would not let it go crash that quickly neither.
legendary
Activity: 2800
Merit: 3443
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Have we not learnt from past cycles that we don't see an ATH so soon after the last? Now I'm the first to acknowledge that cycles may no longer be as predictive, not the way we knew them, but even so, I struggle to find solid reasons for expecting another rally so soon after the first. That's ignoring everything else going on around us in terms of the economy (which, we're yet to find out the full extent of).
legendary
Activity: 1988
Merit: 1718
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 still don't believe that we will see a new ATH this year. I'm more confident that this year will certainly be better than last year, but it's not difficult to achieve that either. I still think we won't see a new ATH before 2024 or even 2025. Of course it would be nice if it were different, but I can't imagine it under any circumstances.  Wink
donator
Activity: 4732
Merit: 4240
Leading Crypto Sports Betting & Casino Platform
I don’t think it’s whale manipulation nor do I believe we will see a new all time high this year. The largest gains come at the bottom of markets which is what I believe we’re seeing here. The point in the cycle we’re in along with the FTX drama being behind us (as far as the damage it can do) shows that we’re well on our way to a recovery and we’re seeing a return to normal. Next year the hype will be back in full swing as we make our way to the previous high.
hero member
Activity: 2604
Merit: 542
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.

It's the later, the price is currently fluctuating to $23,900-$24,100. And with that, we need to wait for more time to validate that $25k mark and remain on that price.

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?

First, it doesn't make sense for whale to manipulate the price, second, there could be whales in the market, but it's hard to spot them and as the market grow larger, and so is the influence of this so called whales.

NO, I'm not seeing a new all time high as the end of the year. We might not even touch our previous highs last 2021.
hero member
Activity: 910
Merit: 789
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.
Whatever will happen is still very much for all to see, but for now I don't think about a fallback even though I am looking at another price correction in Bitcoin right now. $ 25K is a very reasonable price for this month and it is still very possible that in the next month the price of Bitcoin can be even higher in the market.

Quote
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 don't think that the increase and correction in the Bitcoin price now is Whale manipulation, nor do I think that the Bear market is over so I won't make predictions for a new ATH at the end of this year. Because indeed Bitcoin still needs a bigger recovery this year so a new ATH might not happen immediately this year in Bitcoin.
sr. member
Activity: 1316
Merit: 268
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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?



You know if you are a bitcoin long-term holder, you will not think about the weekly price movement in bitcoin. Whatever is happening now, my friend, is because there are investors positioned for the future.

        Most people also know that as the value of bitcoin increases, others also follow that increase their value in the market, and these cryptos will not allow themselves to not follow bitcoin especially if they are included in the top altcoins.
hero member
Activity: 700
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Leading Crypto Sports Betting & Casino Platform
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?
It is possible that the price will drop below 25k but that shouldn't be the problem because it will still rise up and gradually, the price will rise from time to time. From history 11% rise in a week is nothing compared to 11% in a day. Bitcoin price shoots up within a twinkle of the eye and you will be amazed about the how this happened.

From bitcoin history there must be a halving before the price gets to ATH,which we haven't experience yet. We are expecting bitcoin halving by next year,and halving comes earlier than expected, we might experience it ending of this year. Therefore bitcoin will hit its ATH at 2025 maybe at the first quarter of that year or later in 2025. Be patient with your investment and gradually cyclic movement will repeat itself.
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