Bitcoin's strong bullish trend attrack more investors

kryptqnick

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Quote from: Cryptocrit on December 18, 2024, 12:11:16 PM

Despite the record high, there are signs that Bitcoin might face a pullback. Key momentum indicators, such as the Relative Strength Index (RSI) and the Awesome Oscillator (AO), suggest potential weakness. These indicators show a bearish divergence, meaning that while Bitcoin's price reached higher levels, the RSI and AO did not, hinting at a possible decrease in bullish momentum.

Well, at least it seems the op was right in terms of the short-term movements. The prediction of a bearish tendency was on December 18 when the price was around $105k, but the price actually fell as low as $92k on December 20. Maybe it's just a coincidence, and I don't think such fluctuations matter for long-term hodlers anyway, but perhaps the op was onto something here.
Zooming out, it's a small correction, and we're definitely still in the bull market, but it might be that we're slowing down.

markleal

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In one way or another, there are lot and lots of people have heard or read about bitcoin but still speculative about it due to its lack of a physical form.
However as people nowadays is used to non tangible money they will soon realize that bitcoin is not too far from the actual fiat.
Another thing is that the bitcoin price continue to increase constantly.
During that time when trust, confidence and greediness to wealth will investor start to dive in.

dzungmobile

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Quote from: Webetcoins on December 20, 2024, 02:28:04 PM

It is amazing to know that even Bitcoin also needs a cool-off. I thought it was also us humans who needs it, hehe. Indeed new investors can be picky too, that they say they need to wait for a good moment first before they enter and that good moment is when the price of the coin dumps.

In bull market, corrections are helpful to make new ATHs and past market cycles prove this. Bitcoin is not pumping and dumping, it's different than altcoins.
Bitcoin historical corrections.

Quote

But, I won't say that it is a lack of knowledge when someone buys in the highs because what about those who did a DCA method?

People who understand about DCA method and apply it are not fearful with corrections. They can see corrections as great opportunities for their DCA to average their entry price lower a lot and they know that with time, DCA can help them to increase investment capital and good profit, if history of past cycles repeats in this cycle and next cycles in future.

Baki202

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Quote from: Orpichukwu on December 20, 2024, 05:59:15 PM

Some don't know exactly when they can consider the price to be low and when they can say it's high; they enter the market with the wrong timing, and when the bitcoin price is retracting and it's in correction mode, they see it as losing money instead of waiting patiently or making good use of that opportunity to use a smaller amount to buy a higher volume; they rush to sell in order to reduce the amount that could be lost, forgetting the fact that as long as you hold, there is always a high chance of getting that dropped portfolio with extra profit attached to it.

They have failed to study and if you actually study they will find a way and even without finding a way it is very much easy when to know when it's high and when it's low because people find it hard to distinguish the one that is worst is when to buy and when to sell, correction mood suppose to be another opportunity for them to actually buy and people want profit but they don't want to lose money that is actually very funny they need to start understanding that as one door closes another one opens that is how crypto works so we have to wait patiently so that we don't have to be, people act the way they understand things and that is one of the reasons they don't succeed because of the kind of mindset they have they won't be able to do a lot of thing and all they need to understand is hold nothing else. A time will come when you can sell easily even at a good price but not everyone is able to exercise that patience.

Orpichukwu

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Quote from: BlockStock on December 18, 2024, 01:09:00 PM

So many people never learn the true meaning of Buy Low and Sell High. Push repeat, watch it all happen again!

Some don't know exactly when they can consider the price to be low and when they can say it's high; they enter the market with the wrong timing, and when the bitcoin price is retracting and it's in correction mode, they see it as losing money instead of waiting patiently or making good use of that opportunity to use a smaller amount to buy a higher volume; they rush to sell in order to reduce the amount that could be lost, forgetting the fact that as long as you hold, there is always a high chance of getting that dropped portfolio with extra profit attached to it.

Webetcoins

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Quote from: Mpamaegbu on December 18, 2024, 01:37:02 PM

Quote from: Cryptocrit on December 18, 2024, 12:11:16 PM

Despite the record high, there are signs that Bitcoin might face a pullback. Key momentum indicators, such as the Relative Strength Index (RSI) and the Awesome Oscillator (AO), suggest potential weakness. These indicators show a bearish divergence, meaning that while Bitcoin's price reached higher levels, the RSI and AO did not, hinting at a possible decrease in bullish momentum.

The pull back is needed for a cool off. It's nothing new. In fact, it's needed to allow for wealth redistribution as it affords new investors an opportunity to come into the market or those already in the market to increase their quantity. If I weren't in the market already, as an investor, I wouldn't come into the market without a pull back. Buying while the market is in an uptrend without a pull back or correction shows lack of market knowledge and prudence.

By the way, those indicators you mentioned are lagging indicators. They form their opinions after price has reacted and not before it. For me, I like indis that lead the way.

It is amazing to know that even Bitcoin also needs a cool-off. I thought it was also us humans who needs it, hehe. Indeed new investors can be picky too, that they say they need to wait for a good moment first before they enter and that good moment is when the price of the coin dumps.

But, I won't say that it is a lack of knowledge when someone buys in the highs because what about those who did a DCA method? The method is introduced by the experienced and knowledgeable users and currently, many people are doing this already. There are different types of indicators and maybe yeah, some of it are like that you said. But what important is predicting about the future of bitcoin, if your indicators are helpful for that, then you can rely on them.

Zaguru12

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Quote from: suzanne5223 on December 19, 2024, 01:12:29 PM

The crypto market dip is the miner and temporary downtrend of the market price. However, this trend is mostly within the range of 1%-5%, and after the downtrend happens the bull takes over.
The dip can be trigger anything, but in most cases, the reason behind may not be known.

The market correction is also a temporary downtrend of the market (with 10% or more) but can happen simultaneously because what usually triggers it is investors taking of profit, or negative news but one good thing about market correction is that it always strengthens the market.

The third one is bloodbath. This mostly happens after the market 4-year cycle, or the Bitcoin halving effect is over but the market always experiences huge out-flow.

Detailed explanation then just misunderstanding the terms is what all this explanations are for but I think we all are just saying same thing which is there is no going to be a prolonged dip or correction like a blood bath for like one year from now, from your own explanations of terms I think the market will most definitely have lots of dips and few corrections in this bull run as many people take profits as there profit targets gets reached.

Like the last 30 hours the market has actually has a proper correction when the market corrected from the highs of $107k to around $92k, for this is part of the corrections we will see before the year ends and probably shut for the moon comes next year, for now I don’t see more major breaks like this now

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Quote from: Cryptocrit on December 18, 2024, 12:11:16 PM

Despite the record high, there are signs that Bitcoin might face a pullback. Key momentum indicators, such as the Relative Strength Index (RSI) and the Awesome Oscillator (AO), suggest potential weakness. These indicators show a bearish divergence, meaning that while Bitcoin's price reached higher levels, the RSI and AO did not, hinting at a possible decrease in bullish momentum.

Bitcoin recently crossed the $100,000 barrier, peaking at $107,380, though it is currently trading around $97,617 as of December 20, 2024, 3% drop in the last 24 hours. Technical indicators such as RSI and AO indicate a weakening of bullish momentum and warn of a possible pullback. While many people believe Bitcoin may reach as high as 0,000 by 2025, volatility is high, and caution should be taken. Yet, this still puts Bitcoin as one of the fastest, growing in the market. Not all is bearish, I think this drop is more of a healthy correction before another rally, aligned with the continuous crypto growth in the next few years.

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Quote from: BlockStock on December 18, 2024, 01:09:00 PM

So many people never learn the true meaning of Buy Low and Sell High. Push repeat, watch it all happen again!

What I know is that many people do the opposite, i.e. buy high and sell low. Grin

Bitcoin is still able to go above $100k, even though it's been resting from time to time, and that's very positive. It fell back to 94k and recovered quickly. Now it's back down to 95k again and it's recovering. It's now making a routine of these levels. It needs to gather some strength to upgrade the top. We see it every day in the media. They now show the price of Bitcoin in all news bulletins such as dollar, euro and gold. As the bull market continues, new investors will definitely join.

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I can see why this could be a great situation without a doubt, I am not saying that we are dealing with something that is getting to omuch of a different ways of trouble, I mean we are talking about something that is getting a little bit difficult, things that are not really that complicated at all, and because of htat I need to focus on making sure that we are dealing with a much better approach. After all, when bitcoin goes up, there are a lot of people who invested into it to make it go up, but then after a while most of them leaves bitcoin and try to make more money from altcoins.

The real trouble begins at that point because that means we are going to end up with a lot of issues, altcoins are not guaranteed income and if you invest into the wrong altcoin then you could make a big loss. There are tons of people who make a profit from bitcoin investment, then go invest that profit into altcoins and lose because of the price going down, or scams or rug pulls etc etc. Always need to be careful.

Wonder Work

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Investors are investing time depending on the decline in BTC. Due to the current market volatility, many are eagerly waiting for the Bitcoin market to stabilize, then they will move towards investment. Bullish trends attract investors more because then the price of Bitcoin will decrease slightly. When the price of Bitcoin decreases, investors will invest. After investing, they hope to see a new ATH of Bitcoin.

There are some exceptions here, those who will maintain DCA and invest are different. But a good time is coming for those currently waiting for a good time to invest. I hope to see more new ATH of Bitcoin in the future. We will see something better in BTC next year.

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Quote from: Cryptocrit on December 18, 2024, 12:11:16 PM

Despite the record high, there are signs that Bitcoin might face a pullback. Key momentum indicators, such as the Relative Strength Index (RSI) and the Awesome Oscillator (AO), suggest potential weakness. These indicators show a bearish divergence, meaning that while Bitcoin's price reached higher levels, the RSI and AO did not, hinting at a possible decrease in bullish momentum.

It is normal for Bitcoin market despite of it bullish sentiment experience a pull back. The reason for this is obvious, people are taking profit so they have to sell at one point. Another reason is that the market is overpriced due to sudden demand and the market cannot sustain the uptrend making the price to pull back, also called correction. But since it is a bullish market, eventually the demand will catch up and the uptrend rally will start again and repeating the cycle until the Bitcoin market reaches its ATH and transition to bear market.

With regard to the investors, it is often observed that investors are most active when the market trend is in hyper bull market.

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Quote from: Zaguru12 on December 19, 2024, 10:51:10 AM

Quote from: ? on December 19, 2024, 05:23:16 AM

Correction: there would be dips, not corrections in place.

There will be lots of dips like now, and only a small amount of corrections underway (or just one, but big enough), depending on many factors in place.

We both can be saying same thing it just depends on the context it was used, but for me I think I most likely differentiate the two, for me a dip is when an assets like bitcoin falls down to like 20% below but as for correction it is usually a fall not below 10%, this corrections to me are as an impulsive movement upward leaving some buying orders behind and comes back to fill them, technical analysts call it fair value gaps. Usually after a correction or a short dip the market continues its upward trend and this is exactly what bitcoin will be undergoing throughout this year till the end of next year.

The dip is usually a long or prolong bearish period where the market continues in downward direction for a very long period of time before it starts morning upward. This is usually what happens after the bull periods has passed and we can expect that maybe in 2026.

The crypto market dip is the miner and temporary downtrend of the market price. However, this trend is mostly within the range of 1%-5%, and after the downtrend happens the bull takes over.
The dip can be trigger anything, but in most cases, the reason behind may not be known.

The market correction is also a temporary downtrend of the market (with 10% or more) but can happen simultaneously because what usually triggers it is investors taking of profit, or negative news but one good thing about market correction is that it always strengthens the market.

The third one is bloodbath. This mostly happens after the market 4-year cycle, or the Bitcoin halving effect is over but the market always experiences huge out-flow.

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Quote from: yudi09 on December 18, 2024, 01:20:52 PM

Quote from: Cryptocrit on December 18, 2024, 12:11:16 PM

Despite the record high, there are signs that Bitcoin might face a pullback. Key momentum indicators, such as the Relative Strength Index (RSI) and the Awesome Oscillator (AO), suggest potential weakness. These indicators show a bearish divergence, meaning that while Bitcoin's price reached higher levels, the RSI and AO did not, hinting at a possible decrease in bullish momentum.

https://www.cryptocrit.xyz/2024/12/crypto-price-prediction-bitcoins-strong.html

How concerned are those who simply want Bitcoin as a long-term reserve asset about this kind of speculation?
Bitcoiners care and believe that the rise and fall of the price is largely dependent on how the market moves. For those who view Bitcoin as a trading asset, this speculation may be something to consider.
We believe that Bitcoin is always an asset that we need to have without having to think about something that distracts us.

I couldn't agree less with you, speculations are basically for traders and investors that wants to take profits, they'll be concerned about either to sale or wait a little longer. For those that are not planning to take profit in this bull season, it's hodl and wait into the future or just continue DCA accumulation. Bitcoin is a volatile asset and retracing and corrections are parts of the game, nobody really knows what price will be on the short term so speculations are temporary measures to keep ourselves busy while price will be what it'll be. So there's no reason to worry much about what you don't have control over.

Zaguru12

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Quote from: ? on December 19, 2024, 05:23:16 AM

Correction: there would be dips, not corrections in place.

There will be lots of dips like now, and only a small amount of corrections underway (or just one, but big enough), depending on many factors in place.

We both can be saying same thing it just depends on the context it was used, but for me I think I most likely differentiate the two, for me a dip is when an assets like bitcoin falls down to like 20% below but as for correction it is usually a fall not below 10%, this corrections to me are as an impulsive movement upward leaving some buying orders behind and comes back to fill them, technical analysts call it fair value gaps. Usually after a correction or a short dip the market continues its upward trend and this is exactly what bitcoin will be undergoing throughout this year till the end of next year.

The dip is usually a long or prolong bearish period where the market continues in downward direction for a very long period of time before it starts morning upward. This is usually what happens after the bull periods has passed and we can expect that maybe in 2026.

jcojci

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Now we see Bitcoin falls to the low price but it is good for the investors because they can buy many Bitcoins. But there are no clear signs where Bitcoin will move and we can only just predict and prepare.

The latest ATH was at $107k so yes, we may see another ATH after this correction so when we can buy back Bitcoin again this time, we can make more profit in the next highest price. And yes again, the new ATH of Bitcoin attract more people to invest in Bitcoin so that will be good for the adoption process.

Hopefully, those new investors don't listen to some guys that telling Bitcoin will fall further. New investors need to have more courage to hold their Bitcoin and learn how to be good investors.

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Quote from: BIT-BENDER on December 18, 2024, 12:30:31 PM

Funny how this is always the trend. When ever Bitcoin starts to rise speculation about what caused it and how the upward trend would continue flies around and when ever there is a draw back in the price another speculation about how we should be careful of the upcoming dangers this is has become a regular occurrence especially with the so called crypto-currency influencers who are looking for activity And trying to stay relevant.

Common thing happened in the scene since people only got attracted on something when they see that there's lots of people is gaining from something what they show. Those bullish trend we are experiencing right now is somehow appealing since there are lots of people would think about that they can earn a profit if they ride with the train. This is where FOMO starts and that is dangerous action to do especially if they are going for short trade since there are huge chance that if they buy or take their position at the dump then a sudden dump came or correction they might lose their money out of panic.

That's why they should never join and ride with the hype but rather they must do a research first before investing. Since listening only on those influencers is not enough action to do especially that there are so many of them which intent to mislead them just to get views or money from those innocent people.

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Quote from: BIT-BENDER on December 18, 2024, 12:30:31 PM

Funny how this is always the trend. When ever Bitcoin starts to rise speculation about what caused it and how the upward trend would continue flies around and when ever there is a draw back in the price another speculation about how we should be careful of the upcoming dangers this is has become a regular occurrence especially with the so called crypto-currency influencers who are looking for activity And trying to stay relevant.

they made a lot of speculation when bitcoin was getting to $100k saying that after that point that there will be a drastic correction but till now, we have never seen that massive correction that had speculated, and it all goes to show how seemingly unpredictable bitcoin is. the sentiment is going to affect only small investors that are looking out for just few profits and are trying to just buy low and sell high. if you are one that is ready experience the different market condition and watch bitcoin climbing further than it is now, this speculation won't deter you in your investment journey.

investors are still getting all soaked in their investment even in the midst of some skeptical statement. good thing is that it is because and so, even i the market experiences some minor DIP, it will still pump back and go further if you keep holding for longer.

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Quote from: BIT-BENDER on December 18, 2024, 12:30:31 PM

Funny how this is always the trend. When ever Bitcoin starts to rise speculation about what caused it and how the upward trend would continue flies around and when ever there is a draw back in the price another speculation about how we should be careful of the upcoming dangers this is has become a regular occurrence especially with the so called crypto-currency influencers who are looking for activity And trying to stay relevant.

That's literally human psychology for you, in a compact manner. Whenever something goes up, they start to dream about mansions and lambos and life in luxury, which they won't have considering there are a lot of people who invest just a few thousand dollars, which would turn into 15 million dollars or more suddenly, their few thousand dollars may become hundred thousand at most, and that's like the best possibility, probably not even that much.

And when they start to see it go down, they make the reverse assumption, like they are going to lose everything and have zero and they are going to wonder about where to find food next, which won't happen if you invest the money you saved, it won't go down to zero, and you won't be starving.

These big marginal radical thoughts are all about human psychology, which makes them buy and sell based on that. This is why people suggest leaving emotions out the door when you start trading, because emotions never help any trader.

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Quote from: Zaguru12 on December 18, 2024, 04:59:22 PM

Quote from: Baofeng on December 18, 2024, 04:52:18 PM

Yes, we can't go on parabolic rise, sooner or later, the buyers are going to be exhausted, and so there will be some sell-off, taking profits. And when the price goes down, at least there is a opportunity for some to enter, although the price is still in the 6 digits. But still, there could be investors willing to buy at that price and just continue to HODL till bullish run next year.

So let's see if we can maintain that $100k, as others might think that this is going to be our support line and not the resistance anymore. We still have at least weeks to go before the end of the year, and traditionally, December is a strong month to close the year so let's see if can bounce back from this minor dip.

I will rather take my prediction from what bitcoin has done in the past and the that is the last quarters are bullish so even if there is going to be corrections I will simply say it is not something I expect this month and even if it comes it wouldn’t be that bad. Technically looking at the chart there is a very Strong support at the $100k and personally I see this as the support for now but that doesn’t mean there wouldn’t be fake out to a little support which sits at $98k. If bitcoin does a fake out to that level it will most surely bounce back and move up from there. For me we will still maintain our six figure this month, and then pump more before coming to take out most of the gaps left behind

Correction: there would be dips, not corrections in place.

There will be lots of dips like now, and only a small amount of corrections underway (or just one, but big enough), depending on many factors in place.

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