Bitcoin's strong bullish trend attrack more investors - page 2.

Agbamoni

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Quote from: Ziskinberg on December 18, 2024, 01:01:52 PM

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 how volatility works, and so people have always use it as an excuse to speculate the next btc price or the next market movement after a bullish condition. It's up to the bitcoin investors already if they will get affected to that, or just stay optimistic about btc price that it will continue to reach its new all time high. Old bitcoin investors have been used to this trend, but they chose not to get carried away with it.

Whatever they do or say the price of Bitcoin cannot be predicted correctly. There is always an 85% uncertainty in their predictions. Although most influencers get closer to what they predicted, and this is what drives the interest of their fans to subscribe to their everyday post. It's annoying because everyone and anyone can start an influencer channel all they need to do is have a mentor who can copy their content and then share it to their own followers. The point is that they do not know if the information they are sharing is correct they are more interested in the hype, the trends, and the money rather than the quality of the information they are sharing.

Quote from: Ambatman on December 18, 2024, 01:32:18 PM

One of the thing I have is taking what most of this news are stating about Bitcoin price.
It's just speculation, though their analysis may seem so another would dispute said analysis.

Thats how you see it.
Most persons are still easily fooled because they don't take it as mere speculation. The analysis is being taken seriously and executed.

fikrett

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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.

It always was like that on the market.
The main thing is that we can smell the sentiment already if we've been long enough in the trenches Grin

kotajikikox

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Quote from: OcTradism on December 19, 2024, 03:51:52 AM

Bitcoin has grown very well in 2024, the year of halving. It made some unprecented achievements in this halving year like breaking a previous market cycle ATH even before a halving day, price grows a lot after breaking last cycle ATH, and I think it's more than good for this year. In previous market cycles, new ATHs were only made about 1 year after Bitcoin halving days. This market cycle has many first-ever achievements for Bitcoin. It has already made new history in 2024.

Patterns and historical data are very important and still very much relevant in any time but I do believe that bitcoin has reached a point where we could now see slight changes and differences from the previous years compared to now. it is time that we erase some of what we know about bitcoin because what we expect will not always be followed. The bear cycle which is to come next will be very interesting.

Quote

Bitcoin through its 16 years of history, often has bearish days in very last weeks of each year around Christmas. In coming days, Bitcoin can continue its correction but won't go down too low behind $90,000 in my opinion. In a bull run, don't wait for lower lows, and consider dips as chance to buy more.

It would be favorable if it could go down lower than $90k so we can buy more but sometimes better opportunities do not come and you are forced to take the second best possible decision instead. But like you said bitcoin has gone very surprising this year so maybe there would be more surprises before the year ends.

OcTradism

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

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

Bitcoin has grown very well in 2024, the year of halving. It made some unprecented achievements in this halving year like breaking a previous market cycle ATH even before a halving day, price grows a lot after breaking last cycle ATH, and I think it's more than good for this year. In previous market cycles, new ATHs were only made about 1 year after Bitcoin halving days. This market cycle has many first-ever achievements for Bitcoin. It has already made new history in 2024.

Bitcoin through its 16 years of history, often has bearish days in very last weeks of each year around Christmas. In coming days, Bitcoin can continue its correction but won't go down too low behind $90,000 in my opinion. In a bull run, don't wait for lower lows, and consider dips as chance to buy more.

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

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.

December is not one of best months annually for Bitcoin in history.
https://cryptorank.io/price/bitcoin/analytics

Zaguru12

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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

Baofeng

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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.

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.

coolcoinz

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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.

There's a reason why this so called mainstream is always poor. Just look around you. Most people you know work 8 hours a day in a job that barely covers their expenses, drive a used car, try to make money in many different ways but are not successful in any of them. They barely make something like 10% and are fond of themselves, bragging how they can now afford a new TV because they bought some Nvidia stock.

That's how the world works. Most people will never profit from bitcoin and they will always wait until it's gained +100% to buy. They will then get anxious at the first sight of correction and either sell at a very small profit or at a loss and then they'll get angry at the investment instead of being angry at their own stupidity.

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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.

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.

Ambatman

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One of the thing I have is taking what most of this news are stating about Bitcoin price.
It's just speculation, though their analysis may seem so another would dispute said analysis.

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!

Wow ,I'm curious how you can really tell low and highs?
Such mindset is what breeds a Nocoiner
Selling when there is more room for growth.

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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.

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.

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In my opinion bitcoin's bullish movement was an obvious opportunity for both traders and HODLERs the thing is people have been very skeptical and that's the more reason many traders didn't go all in and many HODLERs panicked and sold off even around $80k . Literally going long on a bitcoin trade for as long as the last election is something that would pump a hell lot of profit if you make use of a huge leverage and capital.

Analysing price charts for bitcoin within the past couple weeks shows almost no pullback from a big Time frame and little pull backs on smaller timeframes. However on a general perspective we've been massively bullish because in that context we don't pay attention to pull backs on smaller timeframes since they are viewed as insignificant.

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

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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 how volatility works, and so people have always use it as an excuse to speculate the next btc price or the next market movement after a bullish condition. It's up to the bitcoin investors already if they will get affected to that, or just stay optimistic about btc price that it will continue to reach its new all time high. Old bitcoin investors have been used to this trend, but they chose not to get carried away with it.

BIT-BENDER

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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.

Cryptocrit

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https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQYTQN3eTopifntTA2En__Z7hghmAtN0-Nw6mdmLLlLNRri4XKMF_FvdVLo3vIJNX-YlNVdarFjt3eGO27BDX9YAjYAY1JvrNFzOmzW_y0wPri6r-uH2QAGow46Htf-TQfhjJocRimh1E-CQnuBad991RfqwE8g_wo5xmlUCfeltcM4G8xTv0RQSzUPnCk/w640-h418/BTC%20price%20latest.jpg

Bitcoin is priced at $107,380.78 per BTC, with a 24-hour trading volume reaching $90.61 billion. In last few hours, Bitcoin's price fell by 1.71%, but it still saw a 2.74% rise over the last 24 hours and an impressive 9.82% increase over the past week.

Bitcoin recently hit a new all-time high of $107,380.78 during the early Asian trading session. However, by the European session on Monday, the price had slightly retraced to around $103,600. This significant milestone highlights Bitcoin's ongoing strength in the market, but traders are advised to stay cautious.

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

Topic: Bitcoin's strong bullish trend attrack more investors - page 2. (Read 299 times)